Hobby, Toy, and Game Stores Loans

Looking for loans for hobby, toy, and game stores? Talk to a banker who works with the SBA. This $61,500 hobby, toy, and game stores loan was issued by an Indiana bank.

This company knew how to go about getting a business bank loan. Based in Borden (corporate Name New Pro, Indiana, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Your Community Bank, based in New Albany, Indiana.

SBA Loan Borrower

COMPANY TYPE: HOBBY, TOY, AND GAME STORES
BORDEN (CORPORATE NAME NEW PRO, IN 47106

SBA Loan Lender

YOUR COMMUNITY BANK
101 W SPRING ST
NEW ALBANY, IN 47150

This SBA bank loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

451120 - Hobby, Toy, and Game Stores

Loan Approval Date

12/4/2006

Loan Approval Gross Amount

$61,500

Loan Approval from the SBA

Of the total $61,500 loan amount, the SBA guaranteed $30,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The loan application indicated that the loan would help generate 3 new jobs.

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

SBA loans provide smart, affordable business financing for small businesses looking to expand.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Your Community Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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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