Iowa Entrepreneur Secures Financing to Buy Great American Cookie Company Franchise

Need a loan to invest in a Great American Cookie Company franchise? Lincoln Savings Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Great American Cookie Company franchise? If so, here's a 2005 SBA franchise loan that you should know about. Lincoln Savings Bank was the lender and the entrepreneur was based in Waterloo, Iowa.

SBA Loan Borrower

GREAT AMERICAN COOKIES, TCBY,
WATERLOO, IA 50702

SBA Loan Lender

LINCOLN SAVINGS BANK
301 WASHINGTON ST
CEDAR FALLS, IA 50613

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide commercial loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

6/30/2005

Loan Approval Gross Amount

$115,000

Loan Approval from the SBA

Of the total $115,000 loan amount, the SBA guaranteed $97,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Great American Cookie Company franchise. At the time of the loan, the company had 5 employees. The loan application did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Great American Cookie Inc.

Debt Financing

SBA Banks in Cedar Falls, Iowa

Getting an SBA Loan in Iowa