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April 24, 2024 |
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| Home > Small Business Lenders by State > Wyoming Business Loan Sources > Worland, Business Loans > American National Bank Worland Business Loans > Dollar Discount Stores Loan | ||||
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Requirements for Financing a Franchise
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Borrow Money to Buy a Dollar Discount Stores FranchiseNeed money to purchase a Dollar Discount Stores franchise? American National Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Thermopolis, Wyoming needed money to invest in a Dollar Discount Stores franchise back in 2006. American National Bank issued an SBA franchise loan. Here are the details on this Wyoming small business loan. SBA Loan Borrower DOLLAR DISCOUNT STORES SBA Loan Lender AMERICAN NATIONAL BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5331 - Variety Stores NAICS Code 452990 - General Merchandise Stores Loan Approval Date 10/17/2006 Loan Approval Gross Amount $80,000 Loan Approval from the SBA Of the total $80,000 loan amount, the SBA guaranteed $68,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Dollar Discount Stores franchise. At the time of the loan, the company had 10 employees. The loan application did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Who Lends Money to Small Businesses in Worland, Wyoming Where to Get an SBA Loan Wyoming
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