Texas Entrepreneur Secures Financing to Buy Spicy Pickle Franchise

Need a loan to purchase a Spicy Pickle franchise? Stearns Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Spicy Pickle franchise? If so, here's a 2006 SBA franchise loan that you should know about. Stearns Bank was the lender and the entrepreneur was based in Austin, Texas.

SBA Loan Borrower

SPICY PICKLE
4005 PRESERVATION COVE
AUSTIN, TX 78746

SBA Loan Lender

STEARNS BANK
4191 2ND ST SOUTH
SAINT CLOUD, MN 56301

This 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.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

1/25/2006

Loan Approval Gross Amount

$325,200

Loan Approval from the SBA

Of the total $325,200 loan amount, the SBA guaranteed $243,900.

More Information on This SBA Loan

The borrower, Spicy Pickle, borrowed this money for a new business. This loan was used to buy a Spicy Pickle franchise. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the small business promised to use the money to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Stearns Bank and they will explain how you can get an SBA loan for your company.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's SBA loan database.

Related Links:

Spicy Pickle Franchising, LLC

How Equity Dilution Works

SBA Approved Banks in Saint Cloud, Minnesota

Find an SBA Lender in Minnesota

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