Loan to Buy Curves For Women Franchise Issued By The Mission Bank

Borrowing money to buy a Curves For Women franchise? The Mission Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Curves For Women franchise shouldn't be too tough. In 2002, The Mission Bank issued an SBA franchise loan to an entrepreneur in Shawnee, Kansas. Because Curves For Women was registered with the SBA's registry of franchises, this Kansas small business loan was issued on an expedited basis.

SBA Loan Borrower

CURVES FOR WOMEN
SHAWNEE, KS 66226

SBA Loan Lender

THE MISSION BANK
5201 JOHNSON DR
MISSION, KS 66205

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

713940 - Fitness and Recreational Sports Centers

Loan Approval Date

11/19/2002

Loan Approval Gross Amount

$51,600

Loan Approval from the SBA

Of the total $51,600 loan amount, the SBA guaranteed $43,860.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Curves For Women franchise. At the time of the loan, the company had 5 employees. The loan application did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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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