Bossier City, CA Entrepreneur Gets SBA Loan to Buy Game Xchange Franchise

Borrowing money to purchase a Game Xchange franchise? Citizens National Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Game Xchange franchise? If so, here's a 2004 SBA franchise loan that you should know about. Citizens National Bank was the lender and the entrepreneur was based in Bossier City, California.

SBA Loan Borrower

GAME-X-CHANGE
BOSSIER CITY, CA 71111

SBA Loan Lender

CITIZENS NATIONAL BANK
2711 E TEXAS ST
BOSSIER CITY, LA 71111

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

713120 - Amusement Arcades

Loan Approval Date

7/21/2004

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Game Xchange franchise. At the time of the loan, the company had 3 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.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

We can help you find the best banks for small businesses in Bossier City or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Game Xchange

Startup Funding Tip

Where to Get an SBA Loan in Bossier City, Louisiana

Where to Get an SBA Loan Louisiana