Loan to Buy Glass Doctor Franchise Issued By Farmers Trust & Savings Bank

Need money to invest in a Glass Doctor franchise? Farmers Trust & Savings Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Glass Doctor franchise? If so, here's a 2004 SBA franchise loan that you should know about. Farmers Trust & Savings Bank was the lender and the entrepreneur was based in Council Bluffs, Iowa.

SBA Loan Borrower

GLASS DOCTOR
COUNCIL BLUFFS, IA 51501

SBA Loan Lender

FARMERS TRUST & SAVINGS BANK
122 MAIN ST
EARLING, IA 51530

This lender issued this commercial loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811122 - Automotive Glass Replacement Shops

Loan Approval Date

1/30/2004

Loan Approval Gross Amount

$613,000

Loan Approval from the SBA

Of the total $613,000 loan amount, the SBA guaranteed $459,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Glass Doctor franchise. At the time of the loan, the company had 16 employees. The SBA loan documents did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Every year, the SBA guarantees over $10 billion for loans just like this one.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Farmers Trust & Savings Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Glass Doctor

Bank Credit Lines

Best Earling, Iowa Banks for Small Business

Iowa SBA 7A Banks