Loan to Buy Once Upon A Child Franchise Issued By First Century Bank

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

Once Upon A Child franchise loans are available to Knoxville, Tennessee entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, First Century Bank, based in Powell, Tennessee, issued an SBA franchise loan for an Once Upon A Child franchise in 2005. We've got all the details on this Tennessee small business loan.

SBA Loan Borrower

THE LITTLE PEOPLE, LLC
KNOXVILLE, TN 37919

SBA Loan Lender

FIRST CENTURY BANK
600 EAST EMORY
POWELL, TN 37849

This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5651 - Family Clothing Stores

NAICS Code

448140 - Family Clothing Stores

Loan Approval Date

9/2/2005

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

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 5 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $150,000 loan. Remember, things become real when you believe you can achieve them!

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

VC Firms on Twitter

SBA 7A Banks for Powell, Tennessee Loans

SBA Lenders in Tennessee