Ohio Entrepreneur Secures Financing to Buy Sears Catalog Store Franchise

Borrowing money to buy a Sears Catalog Store franchise? 1st Cit. National Bank - Upper Sand has a history of making these loans and they are guaranteed by the SBA.

Sears Catalog Store franchise loans are available to Bucyrus, Ohio entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, 1st Cit. National Bank - Upper Sand, based in Upper Sandusky, Ohio, issued an SBA franchise loan for a Sears Catalog Store franchise in 2004. We've got all the details on this Ohio small business loan.

SBA Loan Borrower

SEARS
BUCYRUS, OH 44820

SBA Loan Lender

1ST CIT. NATIONAL BANK - UPPER SAND
100 N SANDUSKY AVE
UPPER SANDUSKY, OH 43351

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

443111 - Household Appliance Stores

Loan Approval Date

9/1/2004

Loan Approval Gross Amount

$72,000

Loan Approval from the SBA

Of the total $72,000 loan amount, the SBA guaranteed $61,200.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Sears Catalog Store franchise. At the time of the loan, the company had 3 employees. The loan application did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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.

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SBA Participating Banks in Upper Sandusky, Ohio

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