Loan to Buy Orion Food Systems Franchise Issued By First Central Bank

Borrowing money to invest in an Orion Food Systems franchise? First Central Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy an Orion Food Systems franchise shouldn't be overly burdensome. In 2000, First Central Bank issued an SBA franchise loan to an entrepreneur in Oberlin, Kansas. Because Orion Food Systems was registered with the SBA's registry of franchises, this Kansas small business loan was issued on an expedited basis.

SBA Loan Borrower

CROSSROADS EXPRESS
OBERLIN, KS 67749

SBA Loan Lender

FIRST CENTRAL BANK
623 PATTERSON ST
CAMBRIDGE, NE 69022

This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5541 - Gasoline Service Stations

Loan Approval Date

6/22/2000

Loan Approval Gross Amount

$106,400

Loan Approval from the SBA

Of the total $106,400 loan amount, the SBA guaranteed $79,800.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Orion Food Systems franchise. At the time of the loan, the company had 13 employees. The SBA loan documents did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees.

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

Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $106,400 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Equity Financing

Small Business Banks in Cambridge, Nebraska

Nebraska SBA 7A Banks