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April 29, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Los Angeles, Business Loans > Center Bank Los Angeles Business Loans > Bagel Bakery Loan | ||||
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Good Sources for Springfield SBA Loans
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Loan to Buy Chesapeake Bagel Bakery Franchise Issued By Center BankNeed money to invest in a Chesapeake Bagel Bakery franchise? Center Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Chesapeake Bagel Bakery franchise may simply require a phone call to a local SBA banker. In 2005, Center Bank issued an SBA franchise loan to an entrepreneur in Springfield, Virginia. Because Chesapeake Bagel Bakery was registered with the SBA's registry of franchises, this Virginia small business loan was issued on an expedited basis. SBA Loan Borrower BAGEL BAKERY SBA Loan Lender CENTER 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 6/24/2005 Loan Approval Gross Amount $259,000 Loan Approval from the SBA Of the total $259,000 loan amount, the SBA guaranteed $194,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Chesapeake Bagel Bakery franchise. At the time of the loan, the company had 11 employees. The SBA loan documents indicated that the loan would help retain 11 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide money to small business owners for working capital for other expenses. While you may be able to find business people willing to loan money, 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: Best Banks for Small Business in Los Angeles, California
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