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November 15, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Glenwood, Business Loans > Glenwood State Bank Glenwood Business Loans > Radio Shack/captain Video And Loan | ||||
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SBA 7A Banks for Glenwood, Iowa Business Owners
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Borrow Money to Buy a Radio Shack FranchiseNeed a loan to buy a Radio Shack franchise? Glenwood State Bank has a history of making these loans and they are guaranteed by the SBA. If you live near Glenwood, Iowa and are interested in buying a Radio Shack franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2003 by Glenwood State Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower RADIO SHACK/CAPTAIN VIDEO AND SBA Loan Lender GLENWOOD STATE BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA bank loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 443112 - Radio, Television, and Electronics Stores Loan Approval Date 6/18/2003 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 Radio Shack franchise. At the time of the loan, the company had 6 employees. This SBA loan request did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business 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. 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 $150,000 loan. Remember, if it to be, it is up to me! 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:
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