Idaho Entrepreneur Secures Financing to Buy Pretzelmaker Franchise

Need money to buy a Pretzelmaker franchise? Citizens Community Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Pretzelmaker franchise shouldn't be overly burdensome. In 2003, Citizens Community Bank issued an SBA franchise loan to an entrepreneur in Pocatello, Idaho. Because Pretzelmaker was registered with the SBA's registry of franchises, this Idaho small business loan was issued on an expedited basis.

SBA Loan Borrower

CHAR'S NK
POCATELLO, ID 83201

SBA Loan Lender

CITIZENS COMMUNITY BANK
2000 FLANDRO DR
POCATELLO, ID 83206

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445299 - Specialty Food Stores

Loan Approval Date

1/14/2003

Loan Approval Gross Amount

$33,000

Loan Approval from the SBA

Of the total $33,000 loan amount, the SBA guaranteed $28,050.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Pretzelmaker franchise. At the time of the loan, the company had 6 employees. The loan application did not indicate that the business promised to use the funding to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are working on finding money to start a business in Pocatello ID, you ought to talk with a local Pocatello SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Pocatello businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Citizens Community Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Citizens Community Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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