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May 5, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Newton, Business Loans > Midland National Bank - Newton Newton Business Loans > Furniture Medic Of Kansas Loan | ||||
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Kansas Small Business Funding for Franchises
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Borrow Money to Buy a Furniture Medic FranchiseNeed a loan to buy a Furniture Medic franchise? Midland National Bank - Newton has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Newton, Kansas needed money to invest in a Furniture Medic franchise back in 2005. Midland National Bank - Newton issued an SBA franchise loan. Here are the details on this Kansas small business loan. SBA Loan Borrower FURNITURE MEDIC OF KANSAS SBA Loan Lender MIDLAND NATIONAL BANK - NEWTON This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811420 - Reupholstery and Furniture Repair Loan Approval Date 8/31/2005 Loan Approval Gross Amount $24,700 Loan Approval from the SBA Of the total $24,700 loan amount, the SBA guaranteed $20,995. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Furniture Medic franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the business promised to use the money to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: SBA 7A Banks for Newton, Kansas Loans
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