D. L. Evans Bank Provides SBA Loan to Buy Daylight Donut Shop Franchise

Need a loan to purchase a Daylight Donut Shop franchise? D. L. Evans Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Daylight Donut Shop franchise? If so, here's a 2000 SBA franchise loan that you should know about. D. L. Evans Bank was the lender and the entrepreneur was based in Mountan Home, Idaho.

SBA Loan Borrower

HARDY, JEFFREY T.
MOUNTAN HOME, ID 83647

SBA Loan Lender

D. L. EVANS BANK
222 MAIN AVE SOUTH
TWIN FALLS, ID 83301

This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with borrowing money. The low-doc program requires 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.

SIC Code

5812 - Eating Places

Loan Approval Date

4/19/2000

Loan Approval Gross Amount

$42,500

Loan Approval from the SBA

Of the total $42,500 loan amount, the SBA guaranteed $34,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Daylight Donut Shop franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the company planned to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like D. L. Evans Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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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