Metcalf Bank Provides SBA Loan to Buy Sheridan's Frozen Custard Franchise

Need money to purchase a Sheridan's Frozen Custard franchise? Metcalf Bank 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 2002, Metcalf Bank issued an SBA franchise loan to an entrepreneur in Overland Park, Kansas. Because Sheridan's Frozen Custard was registered with the SBA's registry of franchises, this Kansas small business loan was issued on an expedited basis.

SBA Loan Borrower

SHERIDAN'S FROZEN CUSTARD
OVERLAND PARK, KS 66214

SBA Loan Lender

METCALF BANK
7840 METCALF ST
OVERLAND PARK, KS 66204

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA bank loans to to entrepreneurs who might have trouble getting a conventional bank loan.

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

8/14/2002

Loan Approval Gross Amount

$188,500

Loan Approval from the SBA

Of the total $188,500 loan amount, the SBA guaranteed $141,375.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Sheridan's Frozen Custard franchise. At the time of the loan, the company had 30 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you need money to start a business or already have a business and need money to expand, an SBA loan can be a great source of funding.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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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