Wentzville, MO Entrepreneur Gets SBA Loan to Buy Children's Orchard retail Clothing Franchise

Need a loan to invest in a Children's Orchard retail Clothing franchise? Pulaski Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Children's Orchard retail Clothing franchise? If so, here's a 2005 SBA franchise loan that you should know about. Pulaski Bank was the lender and the entrepreneur was based in Wentzville, Missouri.

SBA Loan Borrower

CHILDREN'S ORCHARD
WENTZVILLE, MO 63385

SBA Loan Lender

PULASKI BANK
12300 OLIVE BLVD
SAINT LOUIS, MO 63141

This was a Low Documentation SBA loan. The SBA launched this program to reduce the paperwork associated with appliying for an SBA 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. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

448130 - Children's and Infants' Clothing Stores

Loan Approval Date

9/29/2005

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Children's Orchard retail Clothing franchise. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

This SBA loan was for $100,000. How would you spend $100,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Children's Orchard, Inc.

VC Firms on Twitter

Who Lends Money to Small Businesses in Saint Louis, Missouri

SBA Lenders in Missouri