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November 21, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Conway, Business Loans > Bank Of The Ozarks Conway Business Loans > Performing Arts Conservatory Loan | ||||
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Where to Get a Business Loan to Purchase a Franchise
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Bank Of The Ozarks Provides SBA Loan to Buy Performing Arts Conservatory FranchiseNeed money to purchase a Performing Arts Conservatory franchise? Bank Of The Ozarks has a history of making these loans and they are guaranteed by the SBA. If you live near Little Rock, Arkansas and are interested in buying a Performing Arts Conservatory franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2003 by Bank Of The Ozarks. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower PERFORMING ARTS CONSERVATORY SBA Loan Lender BANK OF THE OZARKS This was a Low Documentation SBA loan. The SBA started this program to reduce the paperwork associated with borrowing money. The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 611610 - Fine Arts Schools Loan Approval Date 6/17/2003 Loan Approval Gross Amount $31,500 Loan Approval from the SBA Of the total $31,500 loan amount, the SBA guaranteed $26,775. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Performing Arts Conservatory franchise. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. This company got an SBA loan. You can too! Maybe you need seed money for 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: Advice on Getting a Small Business Loan SBA Participating Banks in Conway, Arkansas Find an SBA Lender in Arkansas
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