Wachovia Bank Provides SBA Loan to Buy Hallmark Card Shop Franchise

Borrowing money to purchase a Hallmark Card Shop franchise? Wachovia Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Hallmark Card Shop franchise shouldn't be overly burdensome. In 2007, Wachovia Bank issued an SBA franchise loan to an entrepreneur in Ocean, New Jersey. Because Hallmark Card Shop was registered with the SBA's registry of franchises, this New Jersey small business loan was issued on an expedited basis.

SBA Loan Borrower

KINGSTON CARD & GIFT CORP.
Ocean, NJ 07712

SBA Loan Lender

WACHOVIA BANK
301 S COLLEGE ST MAIN LOBBY
CHARLOTTE, NC 28202

This business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

453220 - Gift, Novelty, and Souvenir Stores

Loan Approval Date

5/30/2007

Loan Approval Gross Amount

$130,000

Loan Approval from the SBA

Of the total $130,000 loan amount, the SBA guaranteed $65,000.

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 13 employees. The loan application indicated that the loan would help generate 7 new jobs and retain 13 existing jobs.

Getting an SBA Loan For Your Business

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

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Hallmark Card Shop

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