Freeman, MO Entrepreneur Gets SBA Loan to Buy Roly Poly Franchise

Borrowing money to invest in a Roly Poly franchise? Bc National Banks has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Roly Poly franchise may simply require a phone call to a local SBA banker. In 2003, Bc National Banks issued an SBA franchise loan to an entrepreneur in Freeman, Missouri. Because Roly Poly was registered with the SBA's registry of franchises, this Missouri small business loan was issued on an expedited basis.

SBA Loan Borrower

ROLY POLY
FREEMAN, MO 64746

SBA Loan Lender

BC NATIONAL BANKS
401 E MECHANIC ST
HARRISONVILLE, MO 64701

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

541213 - Tax Preparation Services

Loan Approval Date

9/22/2003

Loan Approval Gross Amount

$59,200

Loan Approval from the SBA

Of the total $59,200 loan amount, the SBA guaranteed $50,320.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Roly Poly franchise. At the time of the loan, the company had 10 employees. This SBA loan request did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Bc National Banks 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.

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