Borrow Money to Buy a Successories motivational Posters Franchise

Need a loan to invest in a Successories motivational Posters franchise? Liberty Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Springfield, Missouri needed money to invest in a Successories motivational Posters franchise back in 2000. Liberty Bank issued an SBA franchise loan. Here are the details on this Missouri small business loan.

SBA Loan Borrower

SUCCESSORIES OF THE OZARKS INC
SPRINGFIELD, MO 65804

SBA Loan Lender

LIBERTY BANK
1414 E PRIMROSE
SPRINGFIELD, MO 65804

This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5399 - General Merchandise Stores

Loan Approval Date

8/30/2000

Loan Approval Gross Amount

$84,700

Loan Approval from the SBA

Of the total $84,700 loan amount, the SBA guaranteed $63,525.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Successories motivational Posters franchise. At the time of the loan, the company had 15 employees. The SBA loan documents indicated that the loan would help retain 15 existing jobs.

Getting an SBA Loan For Your Business

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.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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:

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SBA 7A Banks in Springfield, Missouri

SBA Lenders in Missouri