Lower Gwynedd, PA Entrepreneur Gets SBA Loan to Buy Management Recruiters Franchise

Need money to invest in a Management Recruiters franchise? Firstrust Savings Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Management Recruiters franchise may simply require a phone call to a local SBA banker. In 2007, Firstrust Savings Bank issued an SBA franchise loan to an entrepreneur in Lower Gwynedd, Pennsylvania. Because Management Recruiters was registered with the SBA's registry of franchises, this Pennsylvania small business loan was issued on an expedited basis.

SBA Loan Borrower

WINNING SEARCH SOLUTIONS LLC
LOWER GWYNEDD, PA 19446

SBA Loan Lender

FIRSTRUST SAVINGS BANK
15 E RIDGE PIKE
CONSHOHOCKEN, PA 19428

The lender provided this loan for a small business through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

541612 - Human Resources Consulting Services

Loan Approval Date

4/10/2007

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $25,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Management Recruiters franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help generate 4 new jobs and retain 6 existing jobs.

Start the Process for Getting an SBA Loan Today!

Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Management Recruiters International, Inc.

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