Loan to Buy Hobbytown Usa Franchise Issued By Republic Bank & Trust

Borrowing money to invest in a Hobbytown Usa franchise? Republic Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

Hobbytown Usa franchise loans are available to Norman, Oklahoma entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Republic Bank & Trust, based in Norman, Oklahoma, issued an SBA franchise loan for a Hobbytown Usa franchise in 2003. We've got all the details on this Oklahoma small business loan.

SBA Loan Borrower

HOBBYTOWN USA
NORMAN, OK 73072

SBA Loan Lender

REPUBLIC BANK & TRUST
401 W MAIN
NORMAN, OK 73069

This lender issued this particular loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

451120 - Hobby, Toy, and Game Stores

Loan Approval Date

9/10/2003

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $42,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Hobbytown Usa franchise. At the time of the loan, the company had 3 employees. The SBA loan documents did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

HobbyTown USA

Debt Financing

SBA Participating Banks in Norman, Oklahoma

Getting an SBA Loan in Oklahoma