Hills Bank And Trust Company Provides SBA Loan to Buy Grand Slam Usa indoor Soccer Franchise

Need money to purchase a Grand Slam Usa indoor Soccer franchise? Hills Bank And Trust Company has a history of making these loans and they are guaranteed by the SBA.

Grand Slam Usa indoor Soccer franchise loans are available to North Liberty, Iowa entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Hills Bank And Trust Company, based in Hills, Iowa, issued an SBA franchise loan for a Grand Slam Usa indoor Soccer franchise in 2007. We've got all the details on this Iowa small business loan.

SBA Loan Borrower

JTN SPORTS, LLC
NORTH LIBERTY, IA 52317

SBA Loan Lender

HILLS BANK AND TRUST COMPANY
131 MAIN
HILLS, IA 52235

The lender provided this business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

451110 - Sporting Goods Stores

Loan Approval Date

7/6/2007

Loan Approval Gross Amount

$25,000

Loan Approval from the SBA

Of the total $25,000 loan amount, the SBA guaranteed $12,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Grand Slam Usa indoor Soccer franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help generate 3 new jobs and retain 3 existing jobs.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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:

How to Raise Money

SBA Banks in Hills, Iowa

Getting a Business Loan in Iowa