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April 26, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Omaha, Business Loans > Bank Of The West Omaha Business Loans > Hobby Town Usa Loan | ||||
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Good Sources for Wichita SBA Loans
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Kansas Entrepreneur Secures Financing to Buy Hobbytown Usa FranchiseBorrowing money to purchase a Hobbytown Usa franchise? Bank Of The West has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Wichita, Kansas needed money to invest in a Hobbytown Usa franchise back in 2003. Bank Of The West issued an SBA franchise loan. Here are the details on this Kansas small business loan. SBA Loan Borrower HOBBY TOWN USA SBA Loan Lender BANK OF THE WEST SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5945 - Hobby, Toy, and Game Shops NAICS Code 451120 - Hobby, Toy, and Game Stores Loan Approval Date 8/12/2003 Loan Approval Gross Amount $230,000 Loan Approval from the SBA Of the total $230,000 loan amount, the SBA guaranteed $172,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Hobbytown Usa franchise. At the time of the loan, the company had 4 employees. The loan application did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $230,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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:
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