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May 2, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Malden, Business Loans > First National Bank Malden Business Loans > Century 21 Semo Realtors Inc Loan | ||||
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SBA 7A Banks for Kennett, Missouri Business Owners
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Missouri Entrepreneur Secures Financing to Buy Century 21 FranchiseNeed money to invest in a Century 21 franchise? First National Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Century 21 franchise? If so, here's a 2004 SBA franchise loan that you should know about. First National Bank was the lender and the entrepreneur was based in Kennett, Missouri. SBA Loan Borrower CENTURY 21 SEMO REALTORS INC SBA Loan Lender FIRST NATIONAL BANK This lender issued this particular SBA loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 531210 - Real Estate Agents and Brokers Loan Approval Date 10/13/2004 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 Century 21 franchise. At the time of the loan, the company had 7 employees. This SBA loan request did not indicate that the company planned to use the money to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $150,000 loan. Remember, feel the fear, and do it anyway. 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: Century 21 Real Estate Corporation Raising VC Money for Social Networking Companies
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