Dover, DE Entrepreneur Gets SBA Loan to Buy Partyland retail Party Goods Franchise

Need a loan to purchase a Partyland retail Party Goods franchise? Wilmington Savings Fund Societ has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Partyland retail Party Goods franchise? If so, here's a 2002 SBA franchise loan that you should know about. Wilmington Savings Fund Societ was the lender and the entrepreneur was based in Dover, Delaware.

SBA Loan Borrower

PARTYLAND
DOVER, DE 19901

SBA Loan Lender

WILMINGTON SAVINGS FUND SOCIET
500 DELAWARE AVE
WILMINGTON, DE 19801

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide bank loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

532299 - Consumer Goods Rental

Loan Approval Date

9/30/2002

Loan Approval Gross Amount

$230,000

Loan Approval from the SBA

Of the total $230,000 loan amount, the SBA guaranteed $172,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Partyland retail Party Goods franchise. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you need money to buy a business? 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:

Party Land

How Equity Dilution Works

SBA 7A Banks for Wilmington, Delaware Loans

Getting an SBA Loan in Delaware