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May 4, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Amherst, Business Loans > Manufacturers & Traders Trust Amherst Business Loans > Val-Pak Of Western New York, I Loan | ||||
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Where to Get a Small Business Loan to Purchase a Franchise
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New York Entrepreneur Secures Financing to Buy Val Pak FranchiseBorrowing money to invest in a Val Pak franchise? Manufacturers & Traders Trust has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Val Pak franchise? If so, here's a 2001 SBA franchise loan that you should know about. Manufacturers & Traders Trust was the lender and the entrepreneur was based in Buffalo, New York. SBA Loan Borrower VAL-PAK OF WESTERN NEW YORK, I SBA Loan Lender MANUFACTURERS & TRADERS TRUST This was a Low Documentation SBA loan. The SBA started this program to limit the paperwork associated with borrowing money. The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7319 - Advertising NAICS Code 541830 - Media Buying Agencies Loan Approval Date 8/3/2001 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 an existing business. This loan was used to buy a Val Pak franchise. At the time of the loan, the company had 10 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Valpak Direct Marketing Systems, Inc. Role of Business Plan When Raising Money SBA Banks in Amherst, New York
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