Lumpkin Cnty Bank A Division - Provides SBA Loan to Buy Sears Catalog Store Franchise

Need a loan to buy a Sears Catalog Store franchise? Lumpkin Cnty Bank A Division - has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Sears Catalog Store franchise? If so, here's a 2000 SBA franchise loan that you should know about. Lumpkin Cnty Bank A Division - was the lender and the entrepreneur was based in Dahlonega, Georgia.

SBA Loan Borrower

SEARS
DAHLONEGA, GA 30533

SBA Loan Lender

LUMPKIN CNTY BANK A DIVISION -
111 S CHESTATEE ST
DAHLONEGA, GA 30533

This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with appliying for an SBA loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5722 - Household Appliance Stores

NAICS Code

443111 - Household Appliance Stores

Loan Approval Date

8/29/2000

Loan Approval Gross Amount

$70,000

Loan Approval from the SBA

Of the total $70,000 loan amount, the SBA guaranteed $56,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Sears Catalog Store franchise. At the time of the loan, the company had 3 employees. The SBA loan documents did not indicate that the business promised to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans provide money to small business owners for working capital for other expenses.

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 Lumpkin Cnty Bank A Division - 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:

Obtaining Funding From a Venture Capitalist

SBA Participating Banks in Dahlonega, Georgia

SBA Lenders in Georgia