Hobby, Toy, and Game Stores Loans
Looking for loans for hobby, toy, and game stores? Talk to a banker who works with the SBA. This $164,000 hobby, toy, and game stores loan was issued by a North Carolina bank.
This company received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Bank Of America, out of Charlotte, North Carolina. The loan was granted and they received $164,000 to help grow their Lake Oswego (oswego), Oregon business.
SBA Loan Borrower
COMPANY TYPE: HOBBY, TOY, AND GAME SHOPS
LAKE OSWEGO (OSWEGO), OR 97035
SBA Loan Lender
BANK OF AMERICA
100 N TRYON ST
CHARLOTTE, NC 28255
Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
5945 - Hobby, Toy, and Game Shops
NAICS Code
451120 - Hobby, Toy, and Game Stores
Loan Approval Date
8/8/2000
Loan Approval Gross Amount
$164,000
Loan Approval from the SBA
Of the total $164,000 loan amount, the SBA guaranteed $123,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had 8 employees. The SBA loan documents indicated that the loan would help retain 8 existing jobs.
Getting an SBA Loan For Your Business
SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.
While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.
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:
Microlending as a Small Business Funding Source
Small Business Banks in Charlotte, North Carolina
SBA Participating Banks in North Carolina