Loan Census Banking News and Information
December 18, 2024  
 
 
  Business Loan Information  
 

Oklahoma, Oklahoma Bank Loan

 

 
Loan Census SBA Loan Info

Borrow Money to Buy an Images 4 Kids Franchise

Borrowing money to buy an Images 4 Kids franchise? Farmers National Bank - Seymour has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy an Images 4 Kids franchise? If so, here's a 2005 SBA franchise loan that you should know about. Farmers National Bank - Seymour was the lender and the entrepreneur was based in Oklahoma, Oklahoma.

SBA Loan Borrower

IMAGES4-KIDS
OKLAHOMA, OK 73118

SBA Loan Lender

FARMERS NATIONAL BANK - SEYMOUR
100 N WASHINGTON
SEYMOUR, TX 76380

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.

NAICS Code

541921 - Photography Studios, Portrait

Loan Approval Date

8/26/2005

Loan Approval Gross Amount

$65,000

Loan Approval from the SBA

Of the total $65,000 loan amount, the SBA guaranteed $55,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Images 4 Kids franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer 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.

Related Links:

Images 4 Kids

Business Line of Credit

Best Banks for Small Business in Seymour, Texas

SBA Lenders in Texas