Missouri Entrepreneur Secures Financing to Buy Pods Franchise

Need money to buy a Pods franchise? First National Bank - Johnson County has a history of making these loans and they are guaranteed by the SBA.

If you live near Kansas City, Missouri and are interested in buying a Pods franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2004 by First National Bank - Johnson County. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

RIVER CITY PORTABLE MOVING & S
KANSAS CITY, MO 64130

SBA Loan Lender

FIRST NATIONAL BANK - JOHNSON COUNTY
14435 METCALF AVE
OVERLAND PARK, KS 66223

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

532299 - Consumer Goods Rental

Loan Approval Date

7/16/2004

Loan Approval Gross Amount

$547,400

Loan Approval from the SBA

Of the total $547,400 loan amount, the SBA guaranteed $410,550.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Pods franchise. At the time of the loan, the company had 4 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 4 existing jobs.

Getting an SBA Loan For Your Business

Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into First National Bank - Johnson County and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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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