Loan to Buy Auntie Ann's soft Pretzels Franchise Issued By Des Moines Metro Cu

Borrowing money to purchase an Auntie Ann's soft Pretzels franchise? Des Moines Metro Cu has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in West Des Moines, Iowa needed money to invest in an Auntie Ann's soft Pretzels franchise back in 2006. Des Moines Metro Cu issued an SBA franchise loan. Here are the details on this Iowa small business loan.

SBA Loan Borrower

AUNT ANNIE'S HAND-ROLLED SOFT
WEST DES MOINES, IA 50266

SBA Loan Lender

DES MOINES METRO CU
100 UNIVERSITY AVE
DES MOINES, IA 50314

This lender issued this SBA loan under the SBA's 7(a) guaranteed loan 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

7/28/2006

Loan Approval Gross Amount

$190,000

Loan Approval from the SBA

Of the total $190,000 loan amount, the SBA guaranteed $142,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an Auntie Ann's soft Pretzels franchise. At the time of the loan, the company had 11 employees. The loan application did not indicate that the company planned to use the money to add employees or retain any existing employees.

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

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Des Moines Metro Cu 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.

Related Links:

Business Line of Credit

Small Business Banks in Des Moines, Iowa

SBA Lenders in Iowa