Loan to Buy Culver's Frozen Custard Franchise Issued By First Nebraska Bank

Need money to purchase a Culver's Frozen Custard franchise? First Nebraska Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Norfolk, Nebraska and are interested in buying a Culver's Frozen Custard franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2001 by First Nebraska Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

CULVER'S OF NORFOLK
NORFOLK, NE 68701

SBA Loan Lender

FIRST NEBRASKA BANK
1019 IVY ST
STANTON, NE 68779

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

9/26/2001

Loan Approval Gross Amount

$295,000

Loan Approval from the SBA

Of the total $295,000 loan amount, the SBA guaranteed $221,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Culver's Frozen Custard franchise. At the time of the loan, the company had 35 employees. The SBA loan application for the borrower did not indicate that the business promised to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you need money to start a small business or need money to grow a business, an SBA loan can be a great funding source

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. First Nebraska Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, First Nebraska 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:

Culver's

Debt Financing

Small Business Banks in Stanton, Nebraska

Where to Get an SBA Loan Nebraska