Loan Census Banking News and Information
March 29, 2024  
 
 
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Liberty Bank SBA Franchise Loans

 

 
Loan Census SBA Loan Info

Missouri Entrepreneur Secures Financing to Buy 1 800 Got Junk Franchise

Need a loan to purchase a 1 800 Got Junk franchise? Liberty Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a 1 800 Got Junk franchise? If so, here's a 2005 SBA franchise loan that you should know about. Liberty Bank was the lender and the entrepreneur was based in Springfield, Missouri.

SBA Loan Borrower

1-800-GOT-JUNK?
SPRINGFIELD, MO 65807

SBA Loan Lender

LIBERTY BANK
1414 E PRIMROSE
SPRINGFIELD, MO 65804

This lender issued this particular bank 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

562111 - Solid Waste Collection

Loan Approval Date

9/28/2005

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a 1 800 Got Junk franchise. At the time of the loan, the company had 4 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the funding to add employees or retain any existing employees.

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

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

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Liberty Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

1-800-GOT-JUNK?

Business Cash Advances

SBA 7A Lenders in Springfield, Missouri

Getting an SBA Loan in Missouri