Columbian Bank & Trust Provides SBA Loan to Buy Sheridan's Frozen Custard Franchise

Need a loan to invest in a Sheridan's Frozen Custard franchise? Columbian Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Sheridan's Frozen Custard franchise requires some effort but others before you have been successful. In 2002, Columbian Bank & Trust issued an SBA franchise loan to an entrepreneur in St. Joseph, Missouri. Because Sheridan's Frozen Custard was registered with the SBA's registry of franchises, this Missouri small business loan was issued on an expedited basis.

SBA Loan Borrower

SHERIDAN'S FROZEN CUSTARD
ST. JOSEPH, MO 64507

SBA Loan Lender

COLUMBIAN BANK & TRUST
4701 W 110TH ST
OVERLAND PARK, KS 66211

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

722213 - Snack and Nonalcoholic Beverage Bars

Loan Approval Date

4/26/2002

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Sheridan's Frozen Custard franchise. At the time of the loan, the company had 20 employees. This SBA loan request did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer 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:

Getting a Small Business Loan

SBA 7A Banks in Overland Park, Kansas

Kansas SBA 7A Lenders