Borrow Money to Buy a Slumberland Franchise

Need a loan to buy a Slumberland franchise? Tierone Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Slumberland franchise may simply require a phone call to a local SBA banker. In 2002, Tierone Bank issued an SBA franchise loan to an entrepreneur in Grand Island, Nebraska. Because Slumberland was registered with the SBA's registry of franchises, this Nebraska small business loan was issued on an expedited basis.

SBA Loan Borrower

SLUMBERLAND FURNITURE
GRAND ISLAND, NE 68803

SBA Loan Lender

TIERONE BANK
700 N WEBB RD
GRAND ISLAND, NE 68803

This lender issued this commercial loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

442110 - Furniture Stores

Loan Approval Date

3/5/2002

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Slumberland franchise. At the time of the loan, the company had 14 employees. The loan application indicated that the loan would help generate 3 new jobs and retain 14 existing jobs.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $150,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Slumberland Furniture

Famous Venture Capitalists

SBA 7A Banks for Grand Island, Nebraska Loans

Nebraska SBA 7A Lenders