Borrow Money to Buy a Sheridan's Frozen Custard Franchise

Borrowing money to purchase a Sheridan's Frozen Custard franchise? Columbian Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Sheridan's Frozen Custard franchise is doable. In 2004, Columbian Bank & Trust issued an SBA franchise loan to an entrepreneur in Omaha, Nebraska. Because Sheridan's Frozen Custard was registered with the SBA's registry of franchises, this Nebraska small business loan was issued on an expedited basis.

SBA Loan Borrower

SHERIDANS FROZEN CUSTARD
OMAHA, NE 68130

SBA Loan Lender

COLUMBIAN BANK & TRUST
4701 W 110TH ST
OVERLAND PARK, KS 66211

This loan for a small business 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

5812 - Eating Places

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

3/9/2004

Loan Approval Gross Amount

$96,000

Loan Approval from the SBA

Of the total $96,000 loan amount, the SBA guaranteed $81,600.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Sheridan's Frozen Custard franchise. At the time of the loan, the company had 12 employees. The SBA loan documents did not indicate that the small business planned to use the money to increase staffing levels or retain any existing employees.

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

SBA loans provide money to small business owners for working capital for other expenses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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