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April 25, 2024 |
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| Home > Small Business Lenders by State > Oregon Business Loan Sources > St. Louis, Business Loans > Ge Cap. Small Business Finan Corp St. Louis Business Loans > Relax The Back Loan | ||||
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I Need a Business Loan to Buy a Franchise in Tigard, Oregon
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Borrow Money to Buy a Relax The Back Store FranchiseNeed a loan to buy a Relax The Back Store franchise? Ge Cap. Small Business Finan Corp has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Relax The Back Store franchise requires some effort but others before you have been successful. In 2000, Ge Cap. Small Business Finan Corp issued an SBA franchise loan to an entrepreneur in Tigard, Oregon. Because Relax The Back Store was registered with the SBA's registry of franchises, this Oregon small business loan was issued on an expedited basis. SBA Loan Borrower RELAX THE BACK SBA Loan Lender GE CAP. SMALL BUSINESS FINAN CORP At the time this loan was granted, this bank was part of the SBA's Certified Lenders Program (CLP). This program was created to provide speedy service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5999 - Retail Stores Loan Approval Date 3/13/2000 Loan Approval Gross Amount $118,750 Loan Approval from the SBA Of the total $118,750 loan amount, the SBA guaranteed $89,063. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Relax The Back Store franchise. At the time of the loan, the company had 5 employees. The SBA loan documents did not indicate that the small business promised to use the funding 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. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $118,750 loan. Remember, things become real when you believe you can achieve them! 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 - How to Borrow Money Best St. Louis, Missouri Banks for Small Business Getting a Business Loan in Missouri
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