Borrow Money to Buy a Great Harvest Bread Co. Franchise

Borrowing money to buy a Great Harvest Bread Co. franchise? Heritage Bank - Cent. Illinois has a history of making these loans and they are guaranteed by the SBA.

Great Harvest Bread Co. franchise loans are available to Peoria Heights, Illinois entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Heritage Bank - Cent. Illinois, based in Peoria, Illinois, issued an SBA franchise loan for a Great Harvest Bread Co. franchise in 2005. We've got all the details on this Illinois small business loan.

SBA Loan Borrower

GREAT HARVEST BREAD COMPANY
PEORIA HEIGHTS, IL 61616

SBA Loan Lender

HERITAGE BANK - CENT. ILLINOIS
3921 PROSPECT RD
PEORIA, IL 61614

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

311812 - Commercial Bakeries

Loan Approval Date

5/11/2005

Loan Approval Gross Amount

$115,500

Loan Approval from the SBA

Of the total $115,500 loan amount, the SBA guaranteed $98,175.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Great Harvest Bread Co. franchise. At the time of the loan, the company had 12 employees. The SBA loan application for the borrower did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

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

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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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