New Richmond, WI Entrepreneur Gets SBA Loan to Buy Hallmark Card Shop Franchise

Need a loan to buy a Hallmark Card Shop franchise? First National Community Bank has a history of making these loans and they are guaranteed by the SBA.

Hallmark Card Shop franchise loans are available to New Richmond, Wisconsin entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, First National Community Bank, based in New Richmond, Wisconsin, issued an SBA franchise loan for a Hallmark Card Shop franchise in 2001. We've got all the details on this Wisconsin small business loan.

SBA Loan Borrower

NEW RICHMOND HALLMARK
NEW RICHMOND, WI 54017

SBA Loan Lender

FIRST NATIONAL COMMUNITY BANK
109 E 2ND ST
NEW RICHMOND, WI 54017

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

5947 - Gift, Novelty, and Souvenir Shops

NAICS Code

453220 - Gift, Novelty, and Souvenir Stores

Loan Approval Date

6/13/2001

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 an existing business. This loan was used to buy a Hallmark Card Shop franchise. At the time of the loan, the company had 3 employees. The loan application did not indicate that the business planned to use the funding to add employees or retain any existing employees.

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

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

While you may be able to find other ways to get money to start a business, 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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