Loan to Buy Sears Catalog Store Franchise Issued By Mohave State Bank

Need a loan to buy a Sears Catalog Store franchise? Mohave State Bank has a history of making these loans and they are guaranteed by the SBA.

Sears Catalog Store franchise loans are available to Lake Havasu City, Arizona entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Mohave State Bank, based in Lake Havasu City, Arizona, issued an SBA franchise loan for a Sears Catalog Store franchise in 2007. We've got all the details on this Arizona small business loan.

SBA Loan Borrower

SEARS AUTHORIZED DEALER STORE
LAKE HAVASU CITY, AZ 86403

SBA Loan Lender

MOHAVE STATE BANK
1771 MCCULLOCH BLVD
LAKE HAVASU CITY, AZ 86403

This 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.

NAICS Code

443111 - Household Appliance Stores

Loan Approval Date

8/1/2007

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 an existing business. This loan was used to buy a Sears Catalog Store franchise. At the time of the loan, the company had 8 employees. This SBA loan request indicated that the borrowed money would help generate 8 new jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you have a business and need capital to get to the next level? 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:

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SBA Banks in Lake Havasu City, Arizona

Getting a Business Loan in Arizona