Loan to Buy Kwik-Kopy Franchise Issued By Omni Bank

Borrowing money to invest in a Kwik-Kopy franchise? Omni Bank has a history of making these loans and they are guaranteed by the SBA.

Kwik-Kopy franchise loans are available to New Orleans, Louisiana entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Omni Bank, based in New Orleans, Louisiana, issued an SBA franchise loan for a Kwik-Kopy franchise in 2003. We've got all the details on this Louisiana small business loan.

SBA Loan Borrower

KWIK KOPY
NEW ORLEANS, LA 70112

SBA Loan Lender

OMNI BANK
330 CARONDELET ST
NEW ORLEANS, LA 70130

This was a Low Documentation SBA loan. The SBA launched this program to reduce the paperwork associated with getting a loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561439 - Business Service Centers

Loan Approval Date

4/9/2003

Loan Approval Gross Amount

$128,000

Loan Approval from the SBA

Of the total $128,000 loan amount, the SBA guaranteed $108,800.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Kwik-Kopy franchise. At the time of the loan, the company had 3 employees. The SBA loan documents did not indicate that the business promised to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need money to start a business or already have a business and need money to expand, an SBA loan can be a great source of funding.

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 $128,000 loan. Remember, if it to be, it is up to me!

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:

Kwik Kopy Business Centers

Direct Public Offerings

Small Bank Loans in New Orleans, Louisiana

Louisiana SBA 7A Lenders