Wheeling, WV Entrepreneur Gets SBA Loan to Buy Play It Again Sports retail Sports Franchise

Need a loan to buy a Play It Again Sports retail Sports franchise? Progressive Bank has a history of making these loans and they are guaranteed by the SBA.

Play It Again Sports retail Sports franchise loans are available to Wheeling, West Virginia entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Progressive Bank, based in Wheeling, West Virginia, issued an SBA franchise loan for a Play It Again Sports retail Sports franchise in 2003. We've got all the details on this West Virginia small business loan.

SBA Loan Borrower

B.S. SYRYLO, INC.
WHEELING, WV 26003

SBA Loan Lender

PROGRESSIVE BANK
1090 E BETHLEHEM BLVD
WHEELING, WV 26003

This lender issued this particular bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5941 - Sporting Goods Stores and Bicycle Shops

NAICS Code

451110 - Sporting Goods Stores

Loan Approval Date

4/16/2003

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 Play It Again Sports retail Sports franchise. At the time of the loan, the company had 5 employees. The loan application did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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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