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April 23, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Springfield, Business Loans > Liberty Bank Springfield Business Loans > Play It Again Sports Loan | ||||
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Raising Money in Bentonville, Arkansas With SBA Loans
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Loan to Buy Play It Again Sports retail Sports Franchise Issued By Liberty BankNeed money to invest in a Play It Again Sports retail Sports franchise? Liberty Bank has a history of making these loans and they are guaranteed by the SBA. If you live near Bentonville, Arkansas and are interested in buying a Play It Again Sports retail Sports franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2003 by Liberty Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower PLAY IT AGAIN SPORTS SBA Loan Lender LIBERTY BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide commercial loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5941 - Sporting Goods Stores and Bicycle Shops NAICS Code 451110 - Sporting Goods Stores Loan Approval Date 10/28/2003 Loan Approval Gross Amount $350,000 Loan Approval from the SBA Of the total $350,000 loan amount, the SBA guaranteed $262,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Play It Again Sports retail Sports franchise. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the company promised to use the funding to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! 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. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $350,000 loan. Remember, things become real when you believe you can achieve them! 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 Springfield, Missouri Loans
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