Arkansas Entrepreneur Secures Financing to Buy Signs Now Franchise

Borrowing money to buy a Signs Now franchise? First Security Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Fayetteville, Arkansas and are interested in buying a Signs Now franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2003 by First Security Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

SIGNS NOW
FAYETTEVILLE, AR 72703

SBA Loan Lender

FIRST SECURITY BANK
3901 W WALNUT
ROGERS, AR 72756

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

339950 - Sign Manufacturing

Loan Approval Date

2/7/2003

Loan Approval Gross Amount

$45,000

Loan Approval from the SBA

Of the total $45,000 loan amount, the SBA guaranteed $38,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Signs Now franchise. At the time of the loan, the company had 4 employees. The loan application did not indicate that the business planned to use the money to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new 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 $45,000 loan. Remember, feel the fear, and do it anyway.

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:

Signs Now Corporation

Microlending as a Small Business Funding Source

Where to Get an SBA Loan in Rogers, Arkansas

Getting a Business Loan in Arkansas