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May 6, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Harlan, Business Loans > Shelby County State Bank Harlan Business Loans > Curves Of Harlan Loan | ||||
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Requirements for Borrowing Money to Buy a Franchise
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Borrow Money to Buy a Curves Of Harlan FranchiseNeed a loan to buy a Curves Of Harlan franchise? Shelby County State Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Curves Of Harlan franchise? If so, here's a 2004 SBA franchise loan that you should know about. Shelby County State Bank was the lender and the entrepreneur was based in Harlan, Iowa. SBA Loan Borrower CURVES OF HARLAN SBA Loan Lender SHELBY COUNTY STATE BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 713940 - Fitness and Recreational Sports Centers Loan Approval Date 4/15/2004 Loan Approval Gross Amount $46,000 Loan Approval from the SBA Of the total $46,000 loan amount, the SBA guaranteed $39,100. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Curves Of Harlan franchise. At the time of the loan, the company had 3 employees. This SBA loan request did not indicate that the business planned to use the funding to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Shelby County State Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Small Business Banks in Harlan, Iowa
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