Baton Rouge, LA Entrepreneur Gets SBA Loan to Buy Hallmark Card Shop Franchise

Need a loan to purchase a Hallmark Card Shop franchise? North Louisiana Bidco, LLC has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Hallmark Card Shop franchise? If so, here's a 2004 SBA franchise loan that you should know about. North Louisiana Bidco, LLC was the lender and the entrepreneur was based in Baton Rouge, Louisiana.

SBA Loan Borrower

HOLIDAY HALLMARK
BATON ROUGE, LA 70809

SBA Loan Lender

NORTH LOUISIANA BIDCO, LLC
301 HUDSON LANE,
MONROE, LA 71201

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

453220 - Gift, Novelty, and Souvenir Stores

Loan Approval Date

9/1/2004

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Hallmark Card Shop franchise. At the time of the loan, the company had 80 employees. This SBA loan request 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!

Don't apply for a loan directly with the SBA. You need to 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.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like North Louisiana Bidco, LLC 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:

Hallmark Card Shop

Business Credit Evaluation

Where to Get an SBA Loan in Monroe, Louisiana

Louisiana SBA 7A Lenders