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April 25, 2024  
 
 
  Business Loan Information  
 

First Interstate Bank Small Business Franchise Loan

 

 
Loan Census SBA Loan Info

Loan to Buy Hobbytown Usa Franchise Issued By First Interstate Bank

Need money to invest in a Hobbytown Usa franchise? First Interstate Bank has a history of making these loans and they are guaranteed by the SBA.

Hobbytown Usa franchise loans are available to Bozeman, Montana entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, First Interstate Bank, based in Bozeman, Montana, issued an SBA franchise loan for a Hobbytown Usa franchise in 2000. We've got all the details on this Montana small business loan.

SBA Loan Borrower

HOBBY TOWN USA
BOZEMAN, MT 59718

SBA Loan Lender

FIRST INTERSTATE BANK
2800 W MAIN ST
BOZEMAN, MT 59715

This lender issued this particular small business 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.

SIC Code

5945 - Hobby, Toy, and Game Shops

NAICS Code

451120 - Hobby, Toy, and Game Stores

Loan Approval Date

9/26/2000

Loan Approval Gross Amount

$91,500

Loan Approval from the SBA

Of the total $91,500 loan amount, the SBA guaranteed $73,200.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Hobbytown Usa franchise. At the time of the loan, the company had 5 employees. The SBA loan documents did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

This SBA loan was for $91,500. How would you spend $91,500 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

HobbyTown USA

Business Line of Credit

Small Business Banks in Bozeman, Montana

Find an SBA Lender in Montana