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May 4, 2024 |
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| Home > Small Business Lenders by State > Maryland Business Loan Sources > Annapolis, Business Loans > Commercefirst Bank Annapolis Business Loans > Three Brothers Loan | ||||
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Tips for Borrowing Money to Buy a Franchise
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Bel Air, MD Entrepreneur Gets SBA Loan to Buy Three Brothers FranchiseBorrowing money to buy a Three Brothers franchise? Commercefirst Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Three Brothers franchise? If so, here's a 2006 SBA franchise loan that you should know about. Commercefirst Bank was the lender and the entrepreneur was based in Bel Air, Maryland. SBA Loan Borrower THREE BROTHERS SBA Loan Lender COMMERCEFIRST BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 1/20/2006 Loan Approval Gross Amount $330,000 Loan Approval from the SBA Of the total $330,000 loan amount, the SBA guaranteed $247,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Three Brothers franchise. At the time of the loan, the company had 4 employees. This SBA loan request indicated that the loan would help create 10 new jobs. Start the Process for Getting an SBA Loan Today! The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Commercefirst Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Commercefirst Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Small Business Banks in Annapolis, Maryland
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