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March 28, 2024  
 
 
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SBA Lenders for Lake Stevens Business Owners

 

 
Loan Census SBA Loan Info

Borrow Money to Buy a Hobbytown Usa Franchise

Borrowing money to buy a Hobbytown Usa franchise? Boeing Empl Cu has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Lake Stevens, Washington needed money to invest in a Hobbytown Usa franchise back in 2005. Boeing Empl Cu issued an SBA franchise loan. Here are the details on this Washington small business loan.

SBA Loan Borrower

HOBBYTOWN USA
LAKE STEVENS, WA 98258

SBA Loan Lender

BOEING EMPL CU
12770 GATEWAY DR
TUKWILA, WA 98168

This loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

451120 - Hobby, Toy, and Game Stores

Loan Approval Date

9/8/2005

Loan Approval Gross Amount

$120,000

Loan Approval from the SBA

Of the total $120,000 loan amount, the SBA guaranteed $60,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Hobbytown Usa franchise. At the time of the loan, the company had 3 employees. The SBA loan documents indicated that the funding would help create 3 new jobs.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Boeing Empl Cu so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

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SBA Approved Banks in Tukwila, Washington

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