Borrow Money to Buy a Country Kitchen Franchise

Borrowing money to buy a Country Kitchen franchise? County Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Country Kitchen franchise? If so, here's a 2003 SBA franchise loan that you should know about. County Bank was the lender and the entrepreneur was based in Moberly, Missouri.

SBA Loan Borrower

COUNTRY KITCHEN
MOBERLY, MO 65270

SBA Loan Lender

COUNTY BANK
205 W REED
MOBERLY, MO 65270

This debt financing was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

4/10/2003

Loan Approval Gross Amount

$915,000

Loan Approval from the SBA

Of the total $915,000 loan amount, the SBA guaranteed $686,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Country Kitchen franchise. At the time of the loan, the company had 35 employees. The loan application did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees.

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

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. County Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, County Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Country Kitchen International

Obtaining Funding From a Venture Capitalist

SBA Banks in Moberly, Missouri

Missouri SBA 7A Lenders