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April 29, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Hartford, Business Loans > Business Lenders, LLC Hartford Business Loans > Merlin's Muffler And Brake Sho Loan | ||||
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Business Lenders, LLC Small Business Franchise Loan
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Business Lenders, LLC Provides SBA Loan to Buy Merlin's Muffler FranchiseNeed money to invest in a Merlin's Muffler franchise? Business Lenders, LLC has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Merlin's Muffler franchise shouldn't be too tough. In 2004, Business Lenders, LLC issued an SBA franchise loan to an entrepreneur in Alpharetta, Georgia. Because Merlin's Muffler was registered with the SBA's registry of franchises, this Georgia small business loan was issued on an expedited basis. SBA Loan Borrower MERLIN'S MUFFLER AND BRAKE SHO SBA Loan Lender BUSINESS LENDERS, LLC 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 811112 - Automotive Exhaust System Repair Loan Approval Date 8/13/2004 Loan Approval Gross Amount $75,000 Loan Approval from the SBA Of the total $75,000 loan amount, the SBA guaranteed $56,250. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Merlin's Muffler franchise. At the time of the loan, the company had 5 employees. This SBA loan request did not indicate that the small business promised to use the money to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan If you are raising money in Alpharetta GA, you ought to talk with a local Alpharetta SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Alpharetta 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: SBA Banks in Hartford, Connecticut
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