Hurley, NY Entrepreneur Gets SBA Loan to Buy Ben Franklin Store Franchise

Need a loan to invest in a Ben Franklin Store franchise? Keybank National Association has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Ben Franklin Store franchise shouldn't be too tough. In 2003, Keybank National Association issued an SBA franchise loan to an entrepreneur in Hurley, New York. Because Ben Franklin Store was registered with the SBA's registry of franchises, this New York small business loan was issued on an expedited basis.

SBA Loan Borrower

BEN FRANKLIN
HURLEY, NY 12443

SBA Loan Lender

KEYBANK NATIONAL ASSOCIATION
127 PUBLIC SQ
CLEVELAND, OH 44114

This lender provides SBA small business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

451120 - Hobby, Toy, and Game Stores

Loan Approval Date

12/12/2003

Loan Approval Gross Amount

$235,000

Loan Approval from the SBA

Of the total $235,000 loan amount, the SBA guaranteed $176,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Ben Franklin Store franchise. At the time of the loan, the company had 8 employees. The SBA loan documents indicated that the loan would help generate 20 new jobs and retain 8 existing jobs.

Getting an SBA Loan For Your Business

If you need money to start business in Hurley NY, you ought to talk with a local Hurley SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Hurley 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 $235,000 loan. Remember, things become real when you believe you can achieve them!

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:

Ben Franklin Store

Determining Proper Capital Structure for a Business

SBA Banks in Cleveland, Ohio

Getting an SBA Loan in Ohio