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April 19, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Harrison, Business Loans > Community First Bank Harrison Business Loans > Curves Loan | ||||
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I Need a Loan to Buy a Franchise in Harrison, Arkansas
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Arkansas Entrepreneur Secures Financing to Buy Curves For Women FranchiseNeed money to invest in a Curves For Women franchise? Community First Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Curves For Women franchise? If so, here's a 2005 SBA franchise loan that you should know about. Community First Bank was the lender and the entrepreneur was based in Harrison, Arkansas. SBA Loan Borrower CURVES SBA Loan Lender COMMUNITY FIRST BANK The lender provided this small business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 713940 - Fitness and Recreational Sports Centers Loan Approval Date 10/13/2005 Loan Approval Gross Amount $170,000 Loan Approval from the SBA Of the total $170,000 loan amount, the SBA guaranteed $85,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Curves For Women franchise. At the time of the loan, the company had 30 employees. The SBA loan documents indicated that the loan would help generate 5 new jobs and retain 35 existing jobs. 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. 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 Community First 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: SBA 7A Banks for Harrison, Arkansas Loans
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