Pinnacle National Bank Provides SBA Loan to Buy Big Apple Bagels Franchise

Borrowing money to buy a Big Apple Bagels franchise? Pinnacle National Bank has a history of making these loans and they are guaranteed by the SBA.

Big Apple Bagels franchise loans are available to Murfreesboro, Tennessee entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Pinnacle National Bank, based in Murfreesboro, Tennessee, issued an SBA franchise loan for a Big Apple Bagels franchise in 2003. We've got all the details on this Tennessee small business loan.

SBA Loan Borrower

BIG APPLE BAGEL (DAVID BOONE)
MURFREESBORO, TN 37127

SBA Loan Lender

PINNACLE NATIONAL BANK
114 W COLLEGE ST
MURFREESBORO, TN 37130

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

12/11/2003

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Big Apple Bagels franchise. At the time of the loan, the company had 10 employees. This SBA loan request did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees.

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

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 $150,000 loan. Remember, if it to be, it is up to me!

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:

Big Apple Bagels

How to Raise Money

Where to Get an SBA Loan in Murfreesboro, Tennessee

SBA Lenders in Tennessee