Borrowing Money for Hobby, Toy, and Game Stores

Looking for small business loans for hobby, toy, and game stores? The SBA may be the answer. This $116,000 hobby, toy, and game stores loan was issued by a Texas bank.

This company received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Fidelity Bank, out of Plano, Texas. The loan was granted and they received $116,000 to help grow their Plano, Texas business.

SBA Loan Borrower

COMPANY TYPE: HOBBY, TOY, AND GAME STORES
PLANO, TX 75075

SBA Loan Lender

FIDELITY BANK
5049 W PARK BLVD
PLANO, TX 75093

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

451120 - Hobby, Toy, and Game Stores

Loan Approval Date

9/9/2005

Loan Approval Gross Amount

$116,000

Loan Approval from the SBA

Of the total $116,000 loan amount, the SBA guaranteed $98,600.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 8 employees. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

If you need money to start a small business or already have a business and need money to expand, an SBA loan can be a great funding source

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $116,000 loan. Remember, if it to be, it is up to me!

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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