Missouri Entrepreneur Secures Financing to Buy Children's Orchard retail Clothing Franchise

Borrowing money to invest in a Children's Orchard retail Clothing franchise? First National Bank - Missouri has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Blue Springs, Missouri needed money to invest in a Children's Orchard retail Clothing franchise back in 2003. First National Bank - Missouri issued an SBA franchise loan. Here are the details on this Missouri small business loan.

SBA Loan Borrower

CHILDREN'S ORCHARD
BLUE SPRINGS, MO 64014

SBA Loan Lender

FIRST NATIONAL BANK - MISSOURI
10801 E 23RD ST
INDEPENDENCE, MO 64052

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

453310 - Used Merchandise Stores

Loan Approval Date

11/18/2003

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 an existing business. This loan was used to buy a Children's Orchard retail Clothing franchise. At the time of the loan, the company had 5 employees. The SBA loan application for the borrower 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 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.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Children's Orchard, Inc.

Borrowing Money from Friends and Family

SBA Banks in Independence, Missouri

Missouri SBA 7A Banks