Loan to Buy Larmar's Donuts Franchise Issued By First Bank

Need a loan to buy a Larmar's Donuts franchise? First Bank has a history of making these loans and they are guaranteed by the SBA.

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

SBA Loan Borrower

LAMARS DONUTS
MURFREESBORO, TN 37129

SBA Loan Lender

FIRST BANK
615 MEMORIAL BLVD
MURFREESBORO, TN 37219

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program.

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

4/22/2003

Loan Approval Gross Amount

$225,000

Loan Approval from the SBA

Of the total $225,000 loan amount, the SBA guaranteed $168,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Larmar's Donuts franchise. At the time of the loan, the company had 6 employees. The loan application did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

This SBA loan was for $225,000. How would you spend $225,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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