Borrow Money to Buy a Kitchen Tune Up Franchise

Borrowing money to purchase a Kitchen Tune Up franchise? Great Western Bank has a history of making these loans and they are guaranteed by the SBA.

Kitchen Tune Up franchise loans are available to Bloomington, Indiana entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Great Western Bank, based in Watertown, South Dakota, issued an SBA franchise loan for a Kitchen Tune Up franchise in 2004. We've got all the details on this Indiana small business loan.

SBA Loan Borrower

NEW LOOK KITCHEN BATH AND MORE
BLOOMINGTON, IN 47401

SBA Loan Lender

GREAT WESTERN BANK
35 1ST AVE NE
WATERTOWN, SD 57201

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

541410 - Interior Design Services

Loan Approval Date

9/3/2004

Loan Approval Gross Amount

$35,000

Loan Approval from the SBA

Of the total $35,000 loan amount, the SBA guaranteed $29,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Kitchen Tune Up franchise. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Although it's called an SBA loan, you 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.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Kitchen Tune-Up

Raising VC Money for Social Networking Companies

Best Watertown, South Dakota Banks for Small Business

Getting a Business Loan in South Dakota