Borrow Money to Buy a Sears Catalog Store Franchise

Need money to purchase a Sears Catalog Store franchise? Community National Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Sears Catalog Store franchise? If so, here's a 2001 SBA franchise loan that you should know about. Community National Bank was the lender and the entrepreneur was based in Pittsburg, Kansas.

SBA Loan Borrower

SEARS AUTHORIZED DEALER STORE
PITTSBURG, KS 66762

SBA Loan Lender

COMMUNITY NATIONAL BANK
401 E CENTENNIAL
PITTSBURG, KS 66762

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5722 - Household Appliance Stores

NAICS Code

443111 - Household Appliance Stores

Loan Approval Date

12/4/2001

Loan Approval Gross Amount

$45,000

Loan Approval from the SBA

Of the total $45,000 loan amount, the SBA guaranteed $38,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Sears Catalog Store franchise. At the time of the loan, the company had 8 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you have been wondering how do i get money to start a business in Pittsburg KS, you ought to talk with a local Pittsburg SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Pittsburg businesses.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Community National Bank 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:

Obtaining Funding - How to Decide How Much to Raise

SBA Approved Banks in Pittsburg, Kansas

Kansas SBA Banks