North Carolina Entrepreneur Secures Financing to Buy Sears Catalog Store Franchise

Need a loan to buy a Sears Catalog Store franchise? Surrey Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

Sears Catalog Store franchise loans are available to Mount Airy, North Carolina entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Surrey Bank & Trust, based in Mount Airy, North Carolina, issued an SBA franchise loan for a Sears Catalog Store franchise in 2005. We've got all the details on this North Carolina small business loan.

SBA Loan Borrower

SEARS DEALER STORE
MOUNT AIRY, NC 27030

SBA Loan Lender

SURREY BANK & TRUST
145 N RENFRO ST
MOUNT AIRY, NC 27030

This loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

443111 - Household Appliance Stores

Loan Approval Date

5/20/2005

Loan Approval Gross Amount

$5,800

Loan Approval from the SBA

Of the total $5,800 loan amount, the SBA guaranteed $2,900.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Sears Catalog Store franchise. At the time of the loan, the company had 4 employees. The SBA loan documents indicated that the loan would help retain 4 existing jobs.

Start the Process for Getting an SBA Loan Today!

Every year, the SBA guarantees over $10 billion for loans just like this one.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Surrey Bank & Trust are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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.

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