Kansas Entrepreneur Secures Financing to Buy Budget Blinds Franchise

Need a loan to buy a Budget Blinds franchise? Sixth Bancshares, Inc. has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Budget Blinds franchise? If so, here's a 2006 SBA franchise loan that you should know about. Sixth Bancshares, Inc. was the lender and the entrepreneur was based in Salina, Kansas.

SBA Loan Borrower

BUDGET BLINDS OF MID AMERICA
SALINA, KS 67401

SBA Loan Lender

SIXTH BANCSHARES, INC.
2020 S OHIO ST
SALINA, KS 67401

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide commercial loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5963 - Direct Selling Establishments

NAICS Code

454390 - Direct Selling Establishments

Loan Approval Date

3/14/2006

Loan Approval Gross Amount

$302,000

Loan Approval from the SBA

Of the total $302,000 loan amount, the SBA guaranteed $226,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Budget Blinds 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 money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Sixth Bancshares, Inc. 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.

Related Links:

Budget Blinds

A Company That Helps Entrepreneurs

SBA 7A Lenders in Salina, Kansas

Getting an SBA Loan in Kansas