Borrow Money to Buy a Radio Shack Franchise

Need money to invest in a Radio Shack franchise? Ozark Mountain Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Radio Shack franchise? If so, here's a 2005 SBA franchise loan that you should know about. Ozark Mountain Bank was the lender and the entrepreneur was based in Stockton, Missouri.

SBA Loan Borrower

RADIO SHACK
STOCKTON, MO 65785

SBA Loan Lender

OZARK MOUNTAIN BANK
400 S BUSINESS 65
BRANSON, MO 65616

This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with appliying for an SBA loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

443112 - Radio, Television, and Electronics Stores

Loan Approval Date

5/20/2005

Loan Approval Gross Amount

$80,000

Loan Approval from the SBA

Of the total $80,000 loan amount, the SBA guaranteed $68,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Radio Shack franchise. At the time of the loan, the company had 12 employees. The SBA loan documents did not indicate that the business promised to use the funding to hire new employees or retain any existing employees.

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

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Ozark Mountain Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Ozark Mountain Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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