Missouri Entrepreneur Secures Financing to Buy A & W Restaurant Franchise

Need money to invest in an A & W Restaurant franchise? Stone County National Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Reeds Spring, Missouri needed money to invest in an A & W Restaurant franchise back in 2002. Stone County National Bank issued an SBA franchise loan. Here are the details on this Missouri small business loan.

SBA Loan Borrower

A&W
REEDS SPRING, MO 65737

SBA Loan Lender

STONE COUNTY NATIONAL BANK
21159 MAIN ST
REEDS SPRING, MO 65737

This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with getting a loan . The low-doc program requires 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.

SIC Code

5812 - Eating Places

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

2/20/2002

Loan Approval Gross Amount

$138,000

Loan Approval from the SBA

Of the total $138,000 loan amount, the SBA guaranteed $117,300.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an A & W Restaurant franchise. At the time of the loan, the company had 3 employees. The SBA loan documents did not indicate that the small business planned to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you are raising money in Reeds Spring MO, you ought to talk with a local Reeds Spring SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Reeds Spring businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Stone County National Bank and they will explain how you can get an SBA loan for your company.

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:

Bank Credit Lines

SBA 7A Banks in Reeds Spring, Missouri

SBA Missouri Lenders