Whitefish, MT Entrepreneur Gets SBA Loan to Buy Tcby Franchise

Need money to invest in a Tcby franchise? First Interstate Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Tcby franchise? If so, here's a 2000 SBA franchise loan that you should know about. First Interstate Bank was the lender and the entrepreneur was based in Whitefish, Montana.

SBA Loan Borrower

FREDRICKSON ENTERPRISES, INC.
WHITEFISH, MT 59937

SBA Loan Lender

FIRST INTERSTATE BANK
306 SPOKANE ST
WHITEFISH, MT 59937

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

Loan Approval Date

2/29/2000

Loan Approval Gross Amount

$123,200

Loan Approval from the SBA

Of the total $123,200 loan amount, the SBA guaranteed $92,400.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Tcby franchise. At the time of the loan, the company had 5 employees. This SBA loan request did not indicate that the company promised to use the money to hire new employees or retain any existing employees.

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

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

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer 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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Best Whitefish, Montana Banks for Small Business

Montana SBA 7A Lenders