Loan to Buy Waffle House Franchise Issued By Community Bank Of Missouri

Need a loan to buy a Waffle House franchise? Community Bank Of Missouri has a history of making these loans and they are guaranteed by the SBA.

Waffle House franchise loans are available to Smithville, Missouri entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Community Bank Of Missouri, based in Richmond, Missouri, issued an SBA franchise loan for a Waffle House franchise in 2004. We've got all the details on this Missouri small business loan.

SBA Loan Borrower

WAFFLE HOUSE
SMITHVILLE, MO 64089

SBA Loan Lender

COMMUNITY BANK OF MISSOURI
904 WALTON WAY
RICHMOND, MO 64085

This was a Low Documentation SBA loan. The SBA started 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

722110 - Full-Service Restaurants

Loan Approval Date

2/11/2004

Loan Approval Gross Amount

$85,000

Loan Approval from the SBA

Of the total $85,000 loan amount, the SBA guaranteed $72,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Waffle House franchise. At the time of the loan, the company had 25 employees. The SBA loan documents did not indicate that the company planned to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Community Bank Of Missouri are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Waffle House

SBIR Funding

SBA Banks in Richmond, Missouri

Getting an SBA Loan in Missouri