Kokomo, IN Entrepreneur Gets SBA Loan to Buy Comfort Keepers Franchise

Borrowing money to buy a Comfort Keepers franchise? Community 1st Bank - Howard Cnty has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Comfort Keepers franchise is doable. In 2005, Community 1st Bank - Howard Cnty issued an SBA franchise loan to an entrepreneur in Kokomo, Indiana. Because Comfort Keepers was registered with the SBA's registry of franchises, this Indiana small business loan was issued on an expedited basis.

SBA Loan Borrower

SENIOR CARE OF KOKOMO, LLC
KOKOMO, IN 46901

SBA Loan Lender

COMMUNITY 1ST BANK - HOWARD CNTY
201 W SYCAMORE ST
KOKOMO, IN 46901

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621610 - Home Health Care Services

Loan Approval Date

3/4/2005

Loan Approval Gross Amount

$48,000

Loan Approval from the SBA

Of the total $48,000 loan amount, the SBA guaranteed $40,800.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Comfort Keepers franchise. At the time of the loan, the company had 3 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

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

We can help you find the best banks for small businesses in Kokomo or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Comfort Keepers

Choosing VC Firms

SBA Approved Banks in Kokomo, Indiana

SBA Lenders in Indiana