Citicapital Small Business Finance Provides SBA Loan to Buy Petland Franchise

Need a loan to buy a Petland franchise? Citicapital Small Business Finance has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Petland franchise shouldn't be overly burdensome. In 2001, Citicapital Small Business Finance issued an SBA franchise loan to an entrepreneur in Olathe, Kansas. Because Petland was registered with the SBA's registry of franchises, this Kansas small business loan was issued on an expedited basis.

SBA Loan Borrower

PETLAND OLATHE, KS
OLATHE, KS 66062

SBA Loan Lender

CITICAPITAL SMALL BUSINESS FINANCE
250 E CARPENTER FRWY, STE 115
IRVING, TX 75062

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide debt financing to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5999 - Retail Stores

NAICS Code

453910 - Pet and Pet Supplies Stores

Loan Approval Date

9/27/2001

Loan Approval Gross Amount

$446,000

Loan Approval from the SBA

Of the total $446,000 loan amount, the SBA guaranteed $334,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Petland franchise. At the time of the loan, the company had 9 employees. The SBA loan documents did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

This SBA loan was for $446,000. How would you spend $446,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Petland

Business Line of Credit

SBA 7A Lenders in Irving, Texas

Getting an SBA Loan in Texas