Pocatello, ID Entrepreneur Gets SBA Loan to Buy Tcby Franchise

Borrowing money to invest in a Tcby franchise? Citizens Community Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Pocatello, Idaho and are interested in buying a Tcby franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2002 by Citizens Community Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

TCBY TREATS
POCATELLO, ID 83202

SBA Loan Lender

CITIZENS COMMUNITY BANK
2000 FLANDRO DR
POCATELLO, ID 83206

This was a Low Documentation SBA loan. The SBA launched this program to reduce the paperwork associated with appliying for an SBA loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

422430 - Dairy Product Wholesalers

Loan Approval Date

9/23/2002

Loan Approval Gross Amount

$92,500

Loan Approval from the SBA

Of the total $92,500 loan amount, the SBA guaranteed $78,625.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Tcby franchise. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the business planned to use the money to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

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.

Related Links:

TCBY Systems, LLC

Understanding Dilution

Small Bank Loans in Pocatello, Idaho

Idaho SBA Banks