Borrow Money to Buy a Sears Catalog Store Franchise

Need money to buy a Sears Catalog Store franchise? Community 1st National Bank - W. Pla has a history of making these loans and they are guaranteed by the SBA.

Sears Catalog Store franchise loans are available to West Plains, Missouri entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Community 1st National Bank - W. Pla, based in West Plains, Missouri, issued an SBA franchise loan for a Sears Catalog Store franchise in 2001. We've got all the details on this Missouri small business loan.

SBA Loan Borrower

CURT'S FIX-IT SHOP
WEST PLAINS, MO 65775

SBA Loan Lender

COMMUNITY 1ST NATIONAL BANK - W. PLA
1330 SOUTHERN HILLS CTR
WEST PLAINS, MO 65775

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 commercial 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

5961 - Catalog and Mail-Order Houses

NAICS Code

454110 - Electronic Shopping and Mail-Order Houses

Loan Approval Date

4/30/2001

Loan Approval Gross Amount

$125,000

Loan Approval from the SBA

Of the total $125,000 loan amount, the SBA guaranteed $106,250.

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 11 employees. The loan application did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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:

Startup Funding Tip

SBA Banks in West Plains, Missouri

SBA Missouri Lenders