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November 15, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Mount Hope, Business Loans > 1st National Bank - Southern Kansas Mount Hope Business Loans > Goddard Ace Hardware, LLC Loan | ||||
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Advice for Getting a Franchise Loan
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Borrow Money to Buy an Ace Hardware FranchiseNeed money to purchase an Ace Hardware franchise? 1st National Bank - Southern Kansas has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Goddard, Kansas needed money to invest in an Ace Hardware franchise back in 2001. 1st National Bank - Southern Kansas issued an SBA franchise loan. Here are the details on this Kansas small business loan. SBA Loan Borrower GODDARD ACE HARDWARE, LLC SBA Loan Lender 1ST NATIONAL BANK - SOUTHERN KANSAS The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA bank loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5251 - Hardware Stores NAICS Code 444130 - Hardware Stores Loan Approval Date 3/15/2001 Loan Approval Gross Amount $410,000 Loan Approval from the SBA Of the total $410,000 loan amount, the SBA guaranteed $307,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy an Ace Hardware 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 funding to add employees or retain any existing employees. Getting an SBA Loan For Your 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. 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. Related Links: Borrowing Money from Friends and Family SBA 7A Banks for Mount Hope, Kansas Loans
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