Wildwood, MO Entrepreneur Gets SBA Loan to Buy Granite Transformations Franchise

Need a loan to buy a Granite Transformations franchise? Pulaski Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Wildwood, Missouri and are interested in buying a Granite Transformations franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2004 by Pulaski Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

GRANITE TRANSFORMATIONS OF ST
WILDWOOD, MO 63011

SBA Loan Lender

PULASKI BANK
12300 OLIVE BLVD
SAINT LOUIS, MO 63141

This lender issued this particular SBA 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.

NAICS Code

238340 - Tile and Terrazzo Contractors

Loan Approval Date

4/28/2004

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Granite Transformations franchise. At the time of the loan, the company had 10 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

This SBA loan was for $150,000. How would you spend $150,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Granite Transformations

How Equity Dilution Works

Where to Get an SBA Loan in Saint Louis, Missouri

Missouri SBA 7A Banks