Borrow Money to Buy a Game Xchange Franchise

Need a loan to invest in a Game Xchange franchise? Liberty Bank Of Arkansas has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Siloam Springs, Arkansas needed money to invest in a Game Xchange franchise back in 2000. Liberty Bank Of Arkansas issued an SBA franchise loan. Here are the details on this Arkansas small business loan.

SBA Loan Borrower

GAME XCHANGE OF SILOAM SPRINGS
SILOAM SPRINGS, AR 72761

SBA Loan Lender

LIBERTY BANK OF ARKANSAS
318 E MAIN ST
SILOAM SPRINGS, AR 72761

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.

SIC Code

5945 - Hobby, Toy, and Game Shops

NAICS Code

532230 - Video Tape and Disc Rental

Loan Approval Date

10/27/2000

Loan Approval Gross Amount

$65,000

Loan Approval from the SBA

Of the total $65,000 loan amount, the SBA guaranteed $52,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Game Xchange franchise. At the time of the loan, the company had 4 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.

Start the Process for Getting an SBA Loan Today!

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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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