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May 6, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Bedford, Business Loans > Great Western Bank Bedford Business Loans > Wilson Electronics Loan | ||||
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Great Western Bank Franchise Business Loans
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Loan to Buy Radio Shack Franchise Issued By Great Western BankBorrowing money to buy a Radio Shack franchise? Great Western Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Radio Shack franchise shouldn't be overly burdensome. In 2000, Great Western Bank issued an SBA franchise loan to an entrepreneur in Bedford, Iowa. Because Radio Shack was registered with the SBA's registry of franchises, this Iowa small business loan was issued on an expedited basis. SBA Loan Borrower WILSON ELECTRONICS SBA Loan Lender GREAT WESTERN BANK 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. SIC Code 5999 - Retail Stores Loan Approval Date 1/20/2000 Loan Approval Gross Amount $60,000 Loan Approval from the SBA Of the total $60,000 loan amount, the SBA guaranteed $48,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Radio Shack franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide money to small business owners for working capital for other expenses. This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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 Lenders in Bedford, Iowa
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