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May 1, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Midlothian, Business Loans > Citizens & Farmers Bank Midlothian Business Loans > Mr. Handyman Of South Chesterf Loan | ||||
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How to Get SBA Loans in Chesterfield, Virginia
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Virginia Entrepreneur Secures Financing to Buy Mr. Handyman FranchiseBorrowing money to purchase a Mr. Handyman franchise? Citizens & Farmers Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Mr. Handyman franchise? If so, here's a 2002 SBA franchise loan that you should know about. Citizens & Farmers Bank was the lender and the entrepreneur was based in Chesterfield, Virginia. SBA Loan Borrower MR. HANDYMAN OF SOUTH CHESTERF SBA Loan Lender CITIZENS & FARMERS BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7623 - Refrigeration and Air-Conditioning Service NAICS Code 811412 - Appliance Repair and Maintenance Loan Approval Date 12/3/2002 Loan Approval Gross Amount $85,000 Loan Approval from the SBA Of the total $85,000 loan amount, the SBA guaranteed $72,250. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Mr. Handyman franchise. At the time of the loan, the company had 5 employees. The SBA loan application for the borrower did not indicate that the business promised to use the money to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. 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: SBA 7A Banks in Midlothian, Virginia
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