Rayne St. Bank & Trust Provides SBA Loan to Buy Great Harvest Bread Co. Franchise

Need a loan to purchase a Great Harvest Bread Co. franchise? Rayne St. Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

If you live near Lafayette, Louisiana and are interested in buying a Great Harvest Bread Co. franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2005 by Rayne St. Bank & Trust. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

GREAT HARVEST BREAD CO
LAFAYETTE, LA 70508

SBA Loan Lender

RAYNE ST. BANK & TRUST
200 S ADAMS AVE
RAYNE, LA 70578

This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with appliying for an SBA loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

311812 - Commercial Bakeries

Loan Approval Date

4/27/2005

Loan Approval Gross Amount

$130,000

Loan Approval from the SBA

Of the total $130,000 loan amount, the SBA guaranteed $110,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Great Harvest Bread Co. franchise. At the time of the loan, the company had 5 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

Every year, the SBA guarantees over $10 billion for loans just like this one.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $130,000 loan. Remember, fight for what you want, and it will be yours!

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

Related Links:

Great Harvest Bread Company

How to Raise Money

Find an SBA Lender in Rayne, Louisiana

Getting an SBA Loan in Louisiana