Liberty Bank Provides SBA Loan to Buy Wicks 'N' Sticks Franchise

Need a loan to buy a Wicks 'N' Sticks franchise? Liberty Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Wicks 'N' Sticks franchise is doable. In 2001, Liberty Bank issued an SBA franchise loan to an entrepreneur in Springfield, Missouri. Because Wicks 'N' Sticks was registered with the SBA's registry of franchises, this Missouri small business loan was issued on an expedited basis.

SBA Loan Borrower

WICKS "N" STICKS
SPRINGFIELD, MO 65810

SBA Loan Lender

LIBERTY BANK
1414 E PRIMROSE
SPRINGFIELD, MO 65804

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5999 - Retail Stores

NAICS Code

453998 - Store Retailers

Loan Approval Date

12/27/2001

Loan Approval Gross Amount

$41,900

Loan Approval from the SBA

Of the total $41,900 loan amount, the SBA guaranteed $35,615.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Wicks 'N' Sticks franchise. At the time of the loan, the company had 10 employees. The SBA loan application for the borrower did not indicate that the business promised to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

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.

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