Community National Bank Provides SBA Loan to Buy Mars Franchise

Need money to buy a Mars franchise? Community National Bank has a history of making these loans and they are guaranteed by the SBA.

Mars franchise loans are available to Pittsburg, Kansas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Community National Bank, based in Chanute, Kansas, issued an SBA franchise loan for a Mars franchise in 2004. We've got all the details on this Kansas small business loan.

SBA Loan Borrower

LANE'S MOBILE APPEARANCE RECON
PITTSBURG, KS 66762

SBA Loan Lender

COMMUNITY NATIONAL BANK
14 N LINCOLN
CHANUTE, KS 66720

This lender issued this particular SBA loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811121 - Automotive Body, Paint, and Interior Repair and Maintenance

Loan Approval Date

8/24/2004

Loan Approval Gross Amount

$51,800

Loan Approval from the SBA

Of the total $51,800 loan amount, the SBA guaranteed $44,030.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Mars franchise. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Community National Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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.

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