Borrow Money to Buy a Sears Catalog Store Franchise

Borrowing money to purchase a Sears Catalog Store franchise? Bank Of America has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Sears Catalog Store franchise? If so, here's a 2000 SBA franchise loan that you should know about. Bank Of America was the lender and the entrepreneur was based in Chesterfield, Missouri.

SBA Loan Borrower

SEARS DEALER STORE
CHESTERFIELD, MO 63005

SBA Loan Lender

BANK OF AMERICA
100 N TRYON ST
CHARLOTTE, NC 28255

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5251 - Hardware Stores

NAICS Code

444130 - Hardware Stores

Loan Approval Date

3/16/2000

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $80,000.

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 only one employee. The SBA loan documents indicated that the funding would help generate 5 new jobs.

Getting an SBA Loan For Your Business

If you need business start up money in Chesterfield MO, you ought to talk with a local Chesterfield SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Chesterfield businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $100,000 loan. Remember, things become real when you believe you can achieve them!

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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