How to Get a Loan for Hobby, Toy, and Game Stores

Looking for SBA loans for hobby, toy, and game stores? An SBA loan may be just what you've been looking for. This $40,960 hobby, toy, and game stores loan was issued by a Massachusetts bank.

This small business knew how to go about getting a business bank loan. Based in Great Barrington, Massachusetts, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Td Banknorth, based in Pittsfield, Massachusetts.

SBA Loan Borrower

COMPANY TYPE: HOBBY, TOY, AND GAME SHOPS
GREAT BARRINGTON, MA 01230

SBA Loan Lender

TD BANKNORTH
99 WEST ST
PITTSFIELD, MA 01201

This was a Low Documentation SBA loan. The SBA launched this program to limit the paperwork associated with getting a loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5945 - Hobby, Toy, and Game Shops

NAICS Code

451120 - Hobby, Toy, and Game Stores

Loan Approval Date

3/20/2000

Loan Approval Gross Amount

$40,960

Loan Approval from the SBA

Of the total $40,960 loan amount, the SBA guaranteed $32,768.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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