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May 4, 2024 |
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| Home > Small Business Lenders by State > Maryland Business Loan Sources > Dundalk, Business Loans > The Patapsco Bank Dundalk Business Loans > Dream Dinners Loan | ||||
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Raising Money in Perry Hall, Maryland With SBA Loans
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Loan to Buy Dream Dinners Franchise Issued By The Patapsco BankBorrowing money to invest in a Dream Dinners franchise? The Patapsco Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Dream Dinners franchise shouldn't be too tough. In 2005, The Patapsco Bank issued an SBA franchise loan to an entrepreneur in Perry Hall, Maryland. Because Dream Dinners was registered with the SBA's registry of franchises, this Maryland small business loan was issued on an expedited basis. SBA Loan Borrower DREAM DINNERS SBA Loan Lender THE PATAPSCO BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722310 - Food Service Contractors Loan Approval Date 5/25/2005 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Dream Dinners franchise. At the time of the loan, the company had 4 employees. The SBA loan documents did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. 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: Small Business Banks in Dundalk, Maryland
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