First National Bank, Sallisaw Provides SBA Loan to Buy Remax Franchise

Need a loan to invest in a Remax franchise? First National Bank, Sallisaw has a history of making these loans and they are guaranteed by the SBA.

If you live near Van Buren, Arkansas and are interested in buying a Remax franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2005 by First National Bank, Sallisaw. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

RE/MAX OF VAN BUREN
VAN BUREN, AR 72956

SBA Loan Lender

FIRST NATIONAL BANK, SALLISAW
1720 E CHEROKEE
SALLISAW, OK 74955

The lender provided this SBA bank loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

531210 - Real Estate Agents and Brokers

Loan Approval Date

9/9/2005

Loan Approval Gross Amount

$20,300

Loan Approval from the SBA

Of the total $20,300 loan amount, the SBA guaranteed $10,150.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Remax franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the borrowed money would help generate 3 new jobs.

Next Steps for Getting an SBA Loan

If you are interested in getting money to start a business or need money to grow a business, an SBA loan can be a great source of funding.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like First National Bank, Sallisaw that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Remax

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Small Business Banks in Sallisaw, Oklahoma

Oklahoma SBA 7A Lenders