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November 21, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Kansas City, Business Loans > Bank Of Weston Kansas City Business Loans > Signs Now Loan | ||||
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SBA 7A Banks for Kansas City Franchise Buyers
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Kansas City, MO Entrepreneur Gets SBA Loan to Buy Signs Now FranchiseBorrowing money to purchase a Signs Now franchise? Bank Of Weston has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Signs Now franchise? If so, here's a 2002 SBA franchise loan that you should know about. Bank Of Weston was the lender and the entrepreneur was based in Kansas City, Missouri. SBA Loan Borrower SIGNS NOW SBA Loan Lender BANK OF WESTON This was a Low Documentation SBA loan. The SBA created this program to limit 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. Currently, $100,000 is the maximum loan amount. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 541890 - Services Related to Advertising Loan Approval Date 7/10/2002 Loan Approval Gross Amount $110,000 Loan Approval from the SBA Of the total $110,000 loan amount, the SBA guaranteed $93,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Signs Now franchise. At the time of the loan, the company had 2 employees. The loan application did not indicate that the small business planned to use the funding to add employees or retain any existing employees. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $110,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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 Kansas City, Missouri Banks for Small Business
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