Borrow Money to Buy a Chesapeake Bagel Bakery Franchise

Borrowing money to buy a Chesapeake Bagel Bakery franchise? Eastbank has a history of making these loans and they are guaranteed by the SBA.

Chesapeake Bagel Bakery franchise loans are available to Woodbury, Minnesota entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Eastbank, based in Minneapolis, Minnesota, issued an SBA franchise loan for a Chesapeake Bagel Bakery franchise in 2001. We've got all the details on this Minnesota small business loan.

SBA Loan Borrower

CHESAPEAKE BAGEL BAKERY CORP
WOODBURY, MN 55125

SBA Loan Lender

EASTBANK
1413 FOURTH ST SE
MINNEAPOLIS, MN 55419

This lender issued this particular debt financing under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

4/27/2001

Loan Approval Gross Amount

$125,000

Loan Approval from the SBA

Of the total $125,000 loan amount, the SBA guaranteed $106,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Chesapeake Bagel Bakery franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the small business promised to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

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

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.

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SBA Banks in Minneapolis, Minnesota

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