Lees Summit, MO Entrepreneur Gets SBA Loan to Buy Cheezteak Company Franchise

Need a loan to invest in a Cheezteak Company franchise? Bank Of Blue Valley has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Cheezteak Company franchise? If so, here's a 2003 SBA franchise loan that you should know about. Bank Of Blue Valley was the lender and the entrepreneur was based in Lees Summit, Missouri.

SBA Loan Borrower

YNOT-U, LLC.
LEES SUMMIT, MO 64064

SBA Loan Lender

BANK OF BLUE VALLEY
11935 RILEY ST
OVERLAND PARK, KS 66213

This was a Low Documentation SBA loan. The SBA created this program to limit the paperwork associated with borrowing money. The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

1/24/2003

Loan Approval Gross Amount

$125,000

Loan Approval from the SBA

Of the total $125,000 loan amount, the SBA guaranteed $106,250.

More Information on This SBA Loan

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

Start the Process for Getting an SBA Loan Today!

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

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Bank Of Blue Valley that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

How Equity Dilution Works

Good Banks for Small Business in Overland Park, Kansas

Kansas SBA 7A Lenders