Borrow Money to Buy a Culligan Soft Water Service Franchise

Borrowing money to buy a Culligan Soft Water Service franchise? Bank Of Delight has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Winthrop, Arkansas needed money to invest in a Culligan Soft Water Service franchise back in 2001. Bank Of Delight issued an SBA franchise loan. Here are the details on this Arkansas small business loan.

SBA Loan Borrower

SMALL TOWN VIDEO
WINTHROP, AR 71866

SBA Loan Lender

BANK OF DELIGHT
503 E ANTIOCH
DELIGHT, AR 71940

This lender issued this particular 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

532230 - Video Tape and Disc Rental

Loan Approval Date

10/25/2001

Loan Approval Gross Amount

$32,000

Loan Approval from the SBA

Of the total $32,000 loan amount, the SBA guaranteed $27,200.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Culligan Soft Water Service franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the business promised to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

If you need money to start business in Winthrop AR, you ought to talk with a local Winthrop SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Winthrop businesses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Culligan International

How Equity Dilution Works

Find an SBA Lender in Delight, Arkansas

Arkansas SBA 7A Lenders