Springfield, MO Entrepreneur Gets SBA Loan to Buy California Closet closet Organizer Franchise

Borrowing money to buy a California Closet closet Organizer franchise? Village Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a California Closet closet Organizer franchise shouldn't be too tough. In 2006, Village Bank issued an SBA franchise loan to an entrepreneur in Springfield, Missouri. Because California Closet closet Organizer was registered with the SBA's registry of franchises, this Missouri small business loan was issued on an expedited basis.

SBA Loan Borrower

CALIFORNIA CLOSETS
SPRINGFIELD, MO 65804

SBA Loan Lender

VILLAGE BANK
2360 E SUNSHINE
SPRINGFIELD, MO 65804

This lender issued this SBA bank loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

453998 - Store Retailers

Loan Approval Date

2/7/2006

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $187,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a California Closet closet Organizer franchise. At the time of the loan, the company had 5 employees. The loan application did not indicate that the company planned to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

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

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 Village 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 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:

California Closet Company, Inc.

Business Line of Credit

Find an SBA Lender in Springfield, Missouri

Missouri SBA 7A Lenders