Buffalo, NY Entrepreneur Gets SBA Loan to Buy Fleet Feet Franchise

Borrowing money to buy a Fleet Feet franchise? Manufacturers & Traders Trust has a history of making these loans and they are guaranteed by the SBA.

If you live near Buffalo, New York and are interested in buying a Fleet Feet franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2002 by Manufacturers & Traders Trust. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

FLEET FEET SPORTS OF BUFFALO I
BUFFALO, NY 14209

SBA Loan Lender

MANUFACTURERS & TRADERS TRUST
ONE M&T PLZ, 17 FL
BUFFALO, NY 14203

This lender processed this commercial loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

448210 - Shoe Stores

Loan Approval Date

2/19/2002

Loan Approval Gross Amount

$60,000

Loan Approval from the SBA

Of the total $60,000 loan amount, the SBA guaranteed $30,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Fleet Feet franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 3 new jobs.

Start the Process for Getting an SBA Loan Today!

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Manufacturers & Traders Trust so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Fleet Feet Sports

Obtaining Funding - Friends and Family

SBA Banks in Buffalo, New York

Where to Get an SBA Loan New York