Borrow Money to Buy a Gymboree Franchise

Need a loan to invest in a Gymboree franchise? 1st National Bank & Tr has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Gymboree franchise requires some effort but others before you have been successful. In 2000, 1st National Bank & Tr issued an SBA franchise loan to an entrepreneur in Sioux Falls, South Dakota. Because Gymboree was registered with the SBA's registry of franchises, this South Dakota small business loan was issued on an expedited basis.

SBA Loan Borrower

GYMBOREE PLAY AND MUSIC
SIOUX FALLS, SD 57106

SBA Loan Lender

1ST NATIONAL BANK & TR
101 NW 2ND ST
PIPESTONE, MN 56164

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

8351 - Child Day Care Services

NAICS Code

624410 - Child Day Care Services

Loan Approval Date

9/18/2000

Loan Approval Gross Amount

$60,000

Loan Approval from the SBA

Of the total $60,000 loan amount, the SBA guaranteed $48,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Gymboree franchise. At the time of the loan, the company had 3 employees. The SBA loan documents did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees.

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

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like 1st National Bank & Tr that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Gymboree Play & Music

Realistic Debt Financing Options

SBA 7A Banks in Pipestone, Minnesota

Browse All Business Loan Sources for Minnesota