Loan to Buy Daylight Donut Shop Franchise Issued By First National Bank Of Wyoming

Borrowing money to purchase a Daylight Donut Shop franchise? First National Bank Of Wyoming has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Laramie, Wyoming needed money to invest in a Daylight Donut Shop franchise back in 2003. First National Bank Of Wyoming issued an SBA franchise loan. Here are the details on this Wyoming small business loan.

SBA Loan Borrower

MEYEN, INC.
LARAMIE, WY 82070

SBA Loan Lender

FIRST NATIONAL BANK OF WYOMING
2020 GRAND AVE
LARAMIE, WY 82070

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

311812 - Commercial Bakeries

Loan Approval Date

10/8/2003

Loan Approval Gross Amount

$132,200

Loan Approval from the SBA

Of the total $132,200 loan amount, the SBA guaranteed $112,370.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Daylight Donut Shop franchise. At the time of the loan, the company had 10 employees. This SBA loan request did not indicate that the company promised to use the money to hire new employees or retain any existing employees.

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

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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.

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