Ozark, MO Entrepreneur Gets SBA Loan to Buy Ace Hardware Franchise
Need money to buy an Ace Hardware franchise? Liberty Bank has a history of making these loans and they are guaranteed by the SBA.
Ace Hardware franchise loans are available to Ozark, Missouri entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Liberty Bank, based in Springfield, Missouri, issued an SBA franchise loan for an Ace Hardware franchise in 2007. We've got all the details on this Missouri small business loan.
SBA Loan Borrower
BRICKSTONE HARDWARE, LLC, A MISSOURI LIMIT
Ozark, MO 65721
SBA Loan Lender
LIBERTY BANK
1414 E PRIMROSE
SPRINGFIELD, MO 65804
Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
444130 - Hardware Stores
Loan Approval Date
11/20/2007
Loan Approval Gross Amount
$400,000
Loan Approval from the SBA
Of the total $400,000 loan amount, the SBA guaranteed $300,000.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy an Ace Hardware franchise. At the time of the loan, the company
had 7 employees. The SBA loan documents indicated that the loan would help generate 3 new jobs and retain 7 existing jobs.
Next Steps for Getting an SBA Loan
Every year, the SBA guarantees over $10 billion for loans just like this one.
This SBA loan was for $400,000. How would you spend $400,000 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:
ACE Hardware
Raising Venture Capital
SBA Participating Banks in Springfield, Missouri
SBA Missouri Banks