Community State Bank Provides SBA Loan to Buy Hardee's Restaurant Franchise

Need a loan to buy a Hardee's Restaurant franchise? Community State Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Hardee's Restaurant franchise may simply require a phone call to a local SBA banker. In 2001, Community State Bank issued an SBA franchise loan to an entrepreneur in Tipton, Iowa. Because Hardee's Restaurant was registered with the SBA's registry of franchises, this Iowa small business loan was issued on an expedited basis.

SBA Loan Borrower

HARDEE'S
TIPTON, IA 52772

SBA Loan Lender

COMMUNITY STATE BANK
509 LYNN ST
TIPTON, IA 52772

This lender issued this commercial loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

10/9/2001

Loan Approval Gross Amount

$490,500

Loan Approval from the SBA

Of the total $490,500 loan amount, the SBA guaranteed $367,875.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Hardee's Restaurant franchise. At the time of the loan, the company had 50 employees. The SBA loan application for the borrower did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

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 Community State 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:

Hardee's Food Systems, Inc.

Realistic Debt Financing Options

SBA Approved Banks in Tipton, Iowa

SBA Lenders in Iowa