Independence, MO Entrepreneur Gets SBA Loan to Buy Miracle-Ear Centers Franchise

Need money to purchase a Miracle-Ear Centers franchise? United Bank Of Kansas has a history of making these loans and they are guaranteed by the SBA.

Miracle-Ear Centers franchise loans are available to Independence, Missouri entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, United Bank Of Kansas, based in Lenexa, Kansas, issued an SBA franchise loan for a Miracle-Ear Centers franchise in 2005. We've got all the details on this Missouri small business loan.

SBA Loan Borrower

MIRACLE EAR
INDEPENDENCE, MO 64057

SBA Loan Lender

UNITED BANK OF KANSAS
10101 WOODLAND RD
LENEXA, KS 66213

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3842 - Orthopedic, Prosthetic and Other Surgical Supplies

NAICS Code

334510 - Electromedical and Electrotherapeutic Apparatus Manufacturing

Loan Approval Date

11/23/2005

Loan Approval Gross Amount

$300,000

Loan Approval from the SBA

Of the total $300,000 loan amount, the SBA guaranteed $225,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Miracle-Ear Centers franchise. At the time of the loan, the company had 7 employees. The loan application did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like United Bank Of Kansas that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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