Borrow Money to Buy an Once Upon A Child Franchise

Need money to purchase an Once Upon A Child franchise? First Century Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy an Once Upon A Child franchise? If so, here's a 2004 SBA franchise loan that you should know about. First Century Bank was the lender and the entrepreneur was based in Knoxville, Tennessee.

SBA Loan Borrower

ONCE UPON A CHILD
KNOXVILLE, TN 37919

SBA Loan Lender

FIRST CENTURY BANK
600 EAST EMORY
POWELL, TN 37849

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

448130 - Children's and Infants' Clothing Stores

Loan Approval Date

8/20/2004

Loan Approval Gross Amount

$125,000

Loan Approval from the SBA

Of the total $125,000 loan amount, the SBA guaranteed $106,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Once Upon A Child franchise. At the time of the loan, the company had 6 employees. The SBA loan documents did not indicate that the company promised to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you need money to buy a business? 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:

Once Upon A Child

SBIR Funding

SBA 7A Banks in Powell, Tennessee

Find an SBA Lender in Tennessee