Borrow Money to Buy a The Honey Baked Ham Co. And Cafe Franchise

Borrowing money to invest in a Honey Baked Ham Co. And Cafe franchise? Paducah Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a The Honey Baked Ham Co. And Cafe franchise shouldn't be overly burdensome. In 2006, Paducah Bank & Trust issued an SBA franchise loan to an entrepreneur in Paducah, Kentucky. Because The Honey Baked Ham Co. And Cafe was registered with the SBA's registry of franchises, this Kentucky small business loan was issued on an expedited basis.

SBA Loan Borrower

SULLIVAN SOLUTIONS, INC. DBA HONEY BAKED H
PADUCAH, KY 42001

SBA Loan Lender

PADUCAH BANK & TRUST
555 JEFFERSON ST
PADUCAH, KY 42001

The lender provided this commercial loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

11/15/2006

Loan Approval Gross Amount

$332,000

Loan Approval from the SBA

Of the total $332,000 loan amount, the SBA guaranteed $166,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a The Honey Baked Ham Co. And Cafe franchise. At the time of the loan, the company had 8 employees. The SBA loan documents indicated that the loan would help retain 8 existing jobs.

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

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $332,000 loan. Remember, if it to be, it is up to me!

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 HoneyBaked Ham Co. & Café

The HoneyBaked Ham Co. and Cafe

Advice on Getting a Small Business Loan

SBA 7A Banks for Paducah, Kentucky Loans

Kentucky SBA 7A Banks