Loan to Buy Steak-Out Franchise Issued By Associated Bank

Need a loan to buy a Steak-Out franchise? Associated Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near St. Louis, Missouri and are interested in buying a Steak-Out franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2004 by Associated Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

STEAKOUT
ST. LOUIS, MO 63132

SBA Loan Lender

ASSOCIATED BANK
6550 N ILLINOIS ST
FAIRVIEW HEIGHTS, IL 62208

This SBA small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

9/20/2004

Loan Approval Gross Amount

$696,000

Loan Approval from the SBA

Of the total $696,000 loan amount, the SBA guaranteed $522,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Steak-Out franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the small business planned to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Associated Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Steak-Out Franchising, Inc.

Bank Credit Lines

SBA Participating Banks in Fairview Heights, Illinois

SBA Participating Banks in Illinois