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November 15, 2024 |
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| Home > Small Business Lenders by State > South Dakota Business Loan Sources > Belle Fourche, Business Loans > Pioneer Bank & Trust Belle Fourche Business Loans > Chester's Chicken Loan | ||||
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Where to Get a Small Business Loan to Purchase a Franchise
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Pioneer Bank & Trust Provides SBA Loan to Buy Chester Fried Chicken FranchiseNeed money to buy a Chester Fried Chicken franchise? Pioneer Bank & Trust has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Chester Fried Chicken franchise? If so, here's a 2005 SBA franchise loan that you should know about. Pioneer Bank & Trust was the lender and the entrepreneur was based in Rapid City, South Dakota. SBA Loan Borrower CHESTER'S CHICKEN SBA Loan Lender PIONEER BANK & TRUST This lender issued this particular SBA loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 9/20/2005 Loan Approval Gross Amount $27,000 Loan Approval from the SBA Of the total $27,000 loan amount, the SBA guaranteed $22,950. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Chester Fried Chicken franchise. At the time of the loan, the company had 15 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide smart, affordable business financing for small businesses looking to expand. We can help you find the best banks for small businesses in Rapid City or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Small Bank Loans in Belle Fourche, South Dakota
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