Columbia, MO Entrepreneur Gets SBA Loan to Buy Sandler Sales Institute Franchise
Need money to purchase a Sandler Sales Institute franchise? The Callaway Bank has a history of making these loans and they are guaranteed by the SBA.
Getting money to buy a Sandler Sales Institute franchise is doable. In 2005, The Callaway Bank issued an SBA franchise loan to an entrepreneur in Columbia, Missouri. Because Sandler Sales Institute was registered with the SBA's registry of franchises, this Missouri small business loan was issued on an expedited basis.
SBA Loan Borrower
AWARENESS MANAGEMENT SYSTEMS
COLUMBIA, MO 65203
SBA Loan Lender
THE CALLAWAY BANK
5 EAST 5TH ST
FULTON, MO 65251
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
541611 - Administrative Management and General Management Consulting Services
Loan Approval Date
2/14/2005
Loan Approval Gross Amount
$150,000
Loan Approval from the SBA
Of the total $150,000 loan amount, the SBA guaranteed $127,500.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was used to buy a Sandler Sales Institute franchise. At the time of the loan, the company
had only one employee. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees.
Next Steps for Getting an SBA Loan
The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.
While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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.
Related Links:
Sandler Sales Institute
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Getting an SBA Loan in Missouri