Borrow Money to Buy a Hard Times Cafe Franchise

Need a loan to invest in a Hard Times Cafe franchise? Presidential Bank, Fsb has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Hard Times Cafe franchise is doable. In 2006, Presidential Bank, Fsb issued an SBA franchise loan to an entrepreneur in Waldorf, Maryland. Because Hard Times Cafe was registered with the SBA's registry of franchises, this Maryland small business loan was issued on an expedited basis.

SBA Loan Borrower

HARD TIMES CAFE & CUE
WALDORF, MD 20603

SBA Loan Lender

PRESIDENTIAL BANK, FSB
4520 EAST-WEST HWY
BETHESDA, MD 20814

This 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

722110 - Full-Service Restaurants

Loan Approval Date

12/5/2006

Loan Approval Gross Amount

$785,000

Loan Approval from the SBA

Of the total $785,000 loan amount, the SBA guaranteed $588,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Hard Times Cafe franchise. At the time of the loan, the company had 30 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

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

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Presidential Bank, Fsb 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.

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