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April 19, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Washington, Business Loans > The Adams National Bank Washington Business Loans > Pump It Up Loan | ||||
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Where Can I Find Franchise Loans in Ashburn, Virginia?
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Borrow Money to Buy a Pump It Up FranchiseNeed money to buy a Pump It Up franchise? The Adams National Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Ashburn, Virginia needed money to invest in a Pump It Up franchise back in 2004. The Adams National Bank issued an SBA franchise loan. Here are the details on this Virginia small business loan. SBA Loan Borrower PUMP IT UP SBA Loan Lender THE ADAMS NATIONAL BANK This loan was provided by a lender with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan applications to the SBA get more expeditious service from the SBA on their loan applications. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7991 - Physical Fitness Facilities NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 11/24/2004 Loan Approval Gross Amount $250,000 Loan Approval from the SBA Of the total $250,000 loan amount, the SBA guaranteed $187,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Pump It Up franchise. At the time of the loan, the company had 17 employees. The SBA loan documents did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. While you may be able to borrow money from friends and family, 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: SBA Approved Banks in Washington, District of Columbia SBA District of Columbia Banks
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