Missouri Entrepreneur Secures Financing to Buy Norwalk Furniture Idea Franchise

Need a loan to purchase a Norwalk Furniture Idea franchise? Bank Midwest has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Norwalk Furniture Idea franchise? If so, here's a 2005 SBA franchise loan that you should know about. Bank Midwest was the lender and the entrepreneur was based in Kansas City, Missouri.

SBA Loan Borrower

NORWALK-THE FURNITURE IDEA
KANSAS CITY, MO 64153

SBA Loan Lender

BANK MIDWEST
12500 S 71 HWY
GRANDVIEW, MO 64030

This lender issued this SBA bank loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program began in 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.

SIC Code

5712 - Furniture Stores

NAICS Code

442110 - Furniture Stores

Loan Approval Date

1/21/2005

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 Norwalk Furniture Idea franchise. At the time of the loan, the company had 8 employees. The SBA loan application for the borrower did not indicate that the company promised to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you are working on finding money to start a business in Kansas City MO, you ought to talk with a local Kansas City SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Kansas City businesses.

This company got an SBA loan. You can too! Maybe you want money for start up 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:

Norwalk - The Furniture Idea

504 Loans

Best Banks in Grandview, Missouri

Getting a Business Loan in Missouri