Loan Census Banking News and Information
March 28, 2024  
 
 
  Business Loan Information  
 

New York Small Business Funding for Franchises

 

 
Loan Census SBA Loan Info

Borrow Money to Buy a Woodcraft Franchise Corporation Franchise

Need money to purchase a Woodcraft Franchise Corporation franchise? Rbs Citizens has a history of making these loans and they are guaranteed by the SBA.

Woodcraft Franchise Corporation franchise loans are available to Rochester, New York entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Rbs Citizens, based in Rochester, New York, issued an SBA franchise loan for a Woodcraft Franchise Corporation franchise in 2000. We've got all the details on this New York small business loan.

SBA Loan Borrower

ACES OVER EIGHTS INC
ROCHESTER, NY 14467

SBA Loan Lender

RBS CITIZENS
2042 CHILI AVE
ROCHESTER, NY 14624

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

444130 - Hardware Stores

Loan Approval Date

10/26/2000

Loan Approval Gross Amount

$350,000

Loan Approval from the SBA

Of the total $350,000 loan amount, the SBA guaranteed $262,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Woodcraft Franchise Corporation franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help generate 5 new jobs and retain 1 existing job.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

We can help you find the best banks for small businesses in Rochester or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Obtaining Funding From a Venture Capitalist

Small Bank Loans in Rochester, New York

SBA Participating Banks in New York