Kentucky Entrepreneur Secures Financing to Buy We'Re Rolling Pretzel Company Franchise

Borrowing money to invest in a We'Re Rolling Pretzel Company franchise? Community Trust Bank, Inc. has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a We'Re Rolling Pretzel Company franchise shouldn't be too tough. In 2007, Community Trust Bank, Inc. issued an SBA franchise loan to an entrepreneur in Maysville, Kentucky. Because We'Re Rolling Pretzel Company was registered with the SBA's registry of franchises, this Kentucky small business loan was issued on an expedited basis.

SBA Loan Borrower

WE'RE ROLLING PRETZEL COMPANY
MAYSVILLE, KY 41056

SBA Loan Lender

COMMUNITY TRUST BANK, INC.
346 N MAYO TRL
PIKEVILLE, KY 41501

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide business loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

311812 - Commercial Bakeries

Loan Approval Date

2/7/2007

Loan Approval Gross Amount

$68,389

Loan Approval from the SBA

Of the total $68,389 loan amount, the SBA guaranteed $58,130.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a We'Re Rolling Pretzel Company franchise. At the time of the loan, the company had 5 employees. The SBA loan application for the borrower indicated that the loan would help retain 5 existing jobs.

Getting an SBA Loan For Your Business

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Community Trust Bank, Inc. so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

We're Rolling Pretzel

Alternative Financing

Small Bank Loans in Pikeville, Kentucky

Getting an SBA Loan in Kentucky