Lizton, IN Entrepreneur Gets SBA Loan to Buy Sears Catalog Store Franchise

Need money to invest in a Sears Catalog Store franchise? Home National Bank - Thorntown has a history of making these loans and they are guaranteed by the SBA.

Sears Catalog Store franchise loans are available to Lizton, Indiana entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Home National Bank - Thorntown, based in Thorntown, Indiana, issued an SBA franchise loan for a Sears Catalog Store franchise in 2004. We've got all the details on this Indiana small business loan.

SBA Loan Borrower

SEARS
LIZTON, IN 46149

SBA Loan Lender

HOME NATIONAL BANK - THORNTOWN
117 E MAIN ST
THORNTOWN, IN 46071

This lender issued this SBA loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5399 - General Merchandise Stores

NAICS Code

452990 - General Merchandise Stores

Loan Approval Date

8/6/2004

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $150,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Sears Catalog Store franchise. At the time of the loan, the company had 5 employees. The SBA loan documents did not indicate that the small business planned to use the money to increase staffing levels or retain any existing employees.

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

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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.

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SBA 7A Banks in Thorntown, Indiana

SBA Lenders in Indiana