Loan to Buy Ace Hardware Franchise Issued By Kanza Bank

Borrowing money to purchase an Ace Hardware franchise? Kanza Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Augusta, Kansas needed money to invest in an Ace Hardware franchise back in 2002. Kanza Bank issued an SBA franchise loan. Here are the details on this Kansas small business loan.

SBA Loan Borrower

AUGUSTA HOME CENTER, INC.
AUGUSTA, KS 67010

SBA Loan Lender

KANZA BANK
151 N MAIN
KINGMAN, KS 67068

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5251 - Hardware Stores

NAICS Code

444130 - Hardware Stores

Loan Approval Date

5/2/2002

Loan Approval Gross Amount

$1,050,000

Loan Approval from the SBA

Of the total $1,050,000 loan amount, the SBA guaranteed $787,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an Ace Hardware franchise. At the time of the loan, the company had 17 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Kanza Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

ACE Hardware

Bank Credit Lines

SBA 7A Banks for Kingman, Kansas Loans

SBA Kansas Lenders