The Community Bank Provides SBA Loan to Buy Alltel Wireless Authorized Agent Franchise

Need money to purchase an Alltel Wireless Authorized Agent franchise? The Community Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Liberal, Kansas and are interested in buying an Alltel Wireless Authorized Agent franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2007 by The Community Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

COLE CONSTRUCTION & COMMUNICAT
LIBERAL, KS 67901

SBA Loan Lender

THE COMMUNITY BANK
2320 N KANSAS
LIBERAL, KS 67901

This SBA bank 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

236220 - Commercial and Institutional Building Construction

Loan Approval Date

2/22/2007

Loan Approval Gross Amount

$49,500

Loan Approval from the SBA

Of the total $49,500 loan amount, the SBA guaranteed $42,075.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Alltel Wireless Authorized Agent franchise. At the time of the loan, the company had 3 employees. The loan application indicated that the loan would help generate 3 new jobs and retain 3 existing jobs.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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:

Understanding Dilution

SBA Banks in Liberal, Kansas

SBA Lenders in Kansas