Loan to Buy Rsvp Publications Franchise Issued By Banner Bank

Borrowing money to invest in a Rsvp Publications franchise? Banner Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Rsvp Publications franchise? If so, here's a 2003 SBA franchise loan that you should know about. Banner Bank was the lender and the entrepreneur was based in Snoqualmie, Washington.

SBA Loan Borrower

RSVP PUBLICATIONS
SNOQUALMIE, WA 98065

SBA Loan Lender

BANNER BANK
12443 BEL-RED RD
BELLEVUE, WA 98005

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

541860 - Direct Mail Advertising

Loan Approval Date

1/22/2003

Loan Approval Gross Amount

$72,000

Loan Approval from the SBA

Of the total $72,000 loan amount, the SBA guaranteed $61,200.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Rsvp Publications franchise. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Banner Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

RSVP Publications

Small Business Loan

Best Banks for Small Business in Bellevue, Washington

Washington SBA Banks