Marion, IL Entrepreneur Gets SBA Loan to Buy Golf U.S.A. retail Golf Equip. Franchise

Need a loan to buy a Golf U.S.A. retail Golf Equip. franchise? The Bank Of Carbondale has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Golf U.S.A. retail Golf Equip. franchise requires some effort but others before you have been successful. In 2002, The Bank Of Carbondale issued an SBA franchise loan to an entrepreneur in Marion, Illinois. Because Golf U.S.A. retail Golf Equip. was registered with the SBA's registry of franchises, this Illinois small business loan was issued on an expedited basis.

SBA Loan Borrower

GOLF USA
MARION, IL 62959

SBA Loan Lender

THE BANK OF CARBONDALE
216 E MAIN ST
CARBONDALE, IL 62901

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5941 - Sporting Goods Stores and Bicycle Shops

NAICS Code

451110 - Sporting Goods Stores

Loan Approval Date

9/16/2002

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Golf U.S.A. retail Golf Equip. franchise. At the time of the loan, the company had 4 employees. The SBA loan documents did not indicate that the company planned to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

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.

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