Loan to Buy Century 21 Franchise Issued By Platte Valley Bank Of Missouri
Borrowing money to purchase a Century 21 franchise? Platte Valley Bank Of Missouri has a history of making these loans and they are guaranteed by the SBA.
An entrepreneur in Kansas City, Missouri needed money to invest in a Century 21 franchise back in 2005. Platte Valley Bank Of Missouri issued an SBA franchise loan. Here are the details on this Missouri small business loan.
SBA Loan Borrower
CENTURY21 ADVANTAGE PROFESSION
KANSAS CITY, MO 64151
SBA Loan Lender
PLATTE VALLEY BANK OF MISSOURI
2400 NW PRAIRIE VIEW RD
PLATTE CITY, MO 64079
This lender issued this particular small business loan 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.
NAICS Code
531210 - Real Estate Agents and Brokers
Loan Approval Date
7/15/2005
Loan Approval Gross Amount
$102,000
Loan Approval from the SBA
Of the total $102,000 loan amount, the SBA guaranteed $86,700.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Century 21 franchise. At the time of the loan, the company
had 5 employees. This SBA loan request did not indicate that the company planned to use the funding to hire new employees or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.
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 Platte Valley Bank Of Missouri 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.
Related Links:
Century 21 Real Estate Corporation
Obtaining Funding - Getting Venture Capital
Good Banks for Small Business in Platte City, Missouri
Getting an SBA Loan in Missouri