South Dakota Entrepreneur Secures Financing to Buy Blind Man the Franchise

Need money to invest in a Blind Man the franchise? Bnc National Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Spearfish, South Dakota and are interested in buying a Blind Man the franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2004 by Bnc National Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

BLIND GUY OF THE BLACK HILLS
SPEARFISH, SD 57783

SBA Loan Lender

BNC NATIONAL BANK
322 E MAIN AVE
BISMARCK, ND 58501

This lender issued this debt financing under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5714 - Drapery, Curtain, and Upholstery Stores

NAICS Code

442291 - Window Treatment Stores

Loan Approval Date

2/26/2004

Loan Approval Gross Amount

$75,400

Loan Approval from the SBA

Of the total $75,400 loan amount, the SBA guaranteed $64,090.

More Information on This SBA Loan

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

Start the Process for Getting an SBA Loan Today!

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

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $75,400 loan. Remember, anyone can do it... so why not 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.

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