Borrow Money to Buy a Sears Catalog Store Franchise

Borrowing money to invest in a Sears Catalog Store franchise? First National Bank So. Dakota has a history of making these loans and they are guaranteed by the SBA.

Sears Catalog Store franchise loans are available to Yankton, South Dakota entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, First National Bank So. Dakota, based in Yankton, South Dakota, issued an SBA franchise loan for a Sears Catalog Store franchise in 2003. We've got all the details on this South Dakota small business loan.

SBA Loan Borrower

ZACCO, L.L.C.
YANKTON, SD 57078

SBA Loan Lender

FIRST NATIONAL BANK SO. DAKOTA
332 BROADWAY
YANKTON, SD 57078

This debt financing was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5722 - Household Appliance Stores

NAICS Code

443111 - Household Appliance Stores

Loan Approval Date

11/21/2003

Loan Approval Gross Amount

$82,612

Loan Approval from the SBA

Of the total $82,612 loan amount, the SBA guaranteed $70,220.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Sears Catalog Store franchise. At the time of the loan, the company had 5 employees. This SBA loan request did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees.

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

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Understanding Dilution

SBA 7A Lenders in Yankton, South Dakota

South Dakota SBA 7A Banks