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December 19, 2024 |
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| Home > Small Business Lenders by State > Montana Business Loan Sources > Bozeman, Business Loans > First Interstate Bank Bozeman Business Loans > Hobby Town Usa Loan | ||||
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First Interstate Bank Small Business Franchise Loan
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Loan to Buy Hobbytown Usa Franchise Issued By First Interstate BankNeed money to invest in a Hobbytown Usa franchise? First Interstate Bank has a history of making these loans and they are guaranteed by the SBA. Hobbytown Usa franchise loans are available to Bozeman, Montana entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, First Interstate Bank, based in Bozeman, Montana, issued an SBA franchise loan for a Hobbytown Usa franchise in 2000. We've got all the details on this Montana small business loan. SBA Loan Borrower HOBBY TOWN USA SBA Loan Lender FIRST INTERSTATE BANK This lender issued this particular small business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. 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 9/26/2000 Loan Approval Gross Amount $91,500 Loan Approval from the SBA Of the total $91,500 loan amount, the SBA guaranteed $73,200. 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 5 employees. The SBA loan documents did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. This SBA loan was for $91,500. How would you spend $91,500 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Small Business Banks in Bozeman, Montana
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