Borrow Money to Buy a Huddle House Franchise

Need money to purchase a Huddle House franchise? Wilson & Muir Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Lawrenceburg, Kentucky needed money to invest in a Huddle House franchise back in 2007. Wilson & Muir Bank & Trust issued an SBA franchise loan. Here are the details on this Kentucky small business loan.

SBA Loan Borrower

HUDDLE HOUSE
LAWRENCEBURG, KY 40342

SBA Loan Lender

WILSON & MUIR BANK & TRUST
107 N 3RD ST
BARDSTOWN, KY 40004

This lender issued this SBA business loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

3/13/2007

Loan Approval Gross Amount

$85,000

Loan Approval from the SBA

Of the total $85,000 loan amount, the SBA guaranteed $72,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Huddle House franchise. At the time of the loan, the company had 12 employees. The SBA loan documents indicated that the loan would help create 12 new jobs.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

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 $85,000 loan. Remember, feel the fear, and do it anyway.

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:

Huddle House, Inc.

Banking Deregulation's Effects on Entrepreneurship

SBA Banks in Bardstown, Kentucky

Where to Get an SBA Loan Kentucky