Nevada, MO Entrepreneur Gets SBA Loan to Buy Daylight Donut Shop Franchise

Borrowing money to buy a Daylight Donut Shop franchise? 1st National Bank - Nevada Missouri 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 2003 SBA franchise loan that you should know about. 1st National Bank - Nevada Missouri was the lender and the entrepreneur was based in Nevada, Missouri.

SBA Loan Borrower

DAYLIGHT DONUT AND COFFEE SHOP
NEVADA, MO 64772

SBA Loan Lender

1ST NATIONAL BANK - NEVADA MISSOURI
100 W WALNUT
NEVADA, MO 64772

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722213 - Snack and Nonalcoholic Beverage Bars

Loan Approval Date

9/16/2003

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $42,500.

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 4 employees. The loan application did not indicate that the company promised to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you need money to start business in Nevada MO, you ought to talk with a local Nevada SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Nevada businesses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

The Friends and Family Network

SBA 7A Banks for Nevada, Missouri Loans

SBA Participating Banks in Missouri