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November 15, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Platte City, Business Loans > Platte Valley Bank Of Missouri Platte City Business Loans > Your Dollar Store With More Loan | ||||
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Where to Get an SBA Loan to Purchase a Franchise
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Loan to Buy Your Dollar Store With More Franchise Issued By Platte Valley Bank Of MissouriBorrowing money to buy a Your Dollar Store With More franchise? Platte Valley Bank Of Missouri has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Your Dollar Store With More franchise may simply require a phone call to a local SBA banker. In 2003, Platte Valley Bank Of Missouri issued an SBA franchise loan to an entrepreneur in Independence, Missouri. Because Your Dollar Store With More was registered with the SBA's registry of franchises, this Missouri small business loan was issued on an expedited basis. SBA Loan Borrower YOUR DOLLAR STORE WITH MORE SBA Loan Lender PLATTE VALLEY BANK OF MISSOURI This was a Low Documentation SBA loan. The SBA launched this program to minimize the paperwork associated with borrowing money. 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. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 445120 - Convenience Stores Loan Approval Date 10/8/2003 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $85,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Your Dollar Store With More franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower did not indicate that the company planned to use the funding to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! If you are wondering how to find money to start a business or need money to grow a business, an SBA loan can be a great source of funding. We can help you find the best banks for small businesses in Independence or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Best Banks in Platte City, Missouri
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