Bank Of The Carolinas Provides SBA Loan to Buy Partyland retail Party Goods Franchise

Borrowing money to invest in a Partyland retail Party Goods franchise? Bank Of The Carolinas has a history of making these loans and they are guaranteed by the SBA.

If you live near Huntersville, North Carolina and are interested in buying a Partyland retail Party Goods franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2003 by Bank Of The Carolinas. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

PARTYLAND
HUNTERSVILLE, NC 28078

SBA Loan Lender

BANK OF THE CAROLINAS
4350 MAIN ST
HARRISBURG, NC 28075

This lender issued this SBA bank loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

453220 - Gift, Novelty, and Souvenir Stores

Loan Approval Date

6/12/2003

Loan Approval Gross Amount

$220,000

Loan Approval from the SBA

Of the total $220,000 loan amount, the SBA guaranteed $165,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Partyland retail Party Goods franchise. At the time of the loan, the company had 12 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer 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.

Related Links:

Party Land

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SBA Banks in Harrisburg, North Carolina

Getting an SBA Loan in North Carolina