Ellsworth, KS Entrepreneur Gets SBA Loan to Buy Health Mart Inc. Franchise

Borrowing money to buy a Health Mart Inc. franchise? Citizens St. Bank & Trust. has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Health Mart Inc. franchise? If so, here's a 2000 SBA franchise loan that you should know about. Citizens St. Bank & Trust. was the lender and the entrepreneur was based in Ellsworth, Kansas.

SBA Loan Borrower

F & M DRUG, LLC
ELLSWORTH, KS 67439

SBA Loan Lender

CITIZENS ST. BANK & TRUST.
203 N DOUGLAS
ELLSWORTH, KS 67439

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5912 - Drug Stores and Proprietary Stores

NAICS Code

446110 - Pharmacies and Drug Stores

Loan Approval Date

11/28/2000

Loan Approval Gross Amount

$237,800

Loan Approval from the SBA

Of the total $237,800 loan amount, the SBA guaranteed $178,350.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Health Mart Inc. franchise. At the time of the loan, the company had 5 employees. This SBA loan request did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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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