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May 1, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Dallas, Business Loans > Fdic/net First National Bank Dallas Business Loans > Sign A Rama Loan | ||||
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Where to Get a Bank Loan to Purchase a Franchise
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Clearwater, FL Entrepreneur Gets SBA Loan to Buy Sign-A-Rama FranchiseNeed money to purchase a Sign-A-Rama franchise? Fdic/net First National Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Sign-A-Rama franchise? If so, here's a 2001 SBA franchise loan that you should know about. Fdic/net First National Bank was the lender and the entrepreneur was based in Clearwater, Florida. SBA Loan Borrower SIGN A RAMA SBA Loan Lender FDIC/NET FIRST NATIONAL BANK This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 2759 - Commercial Printing NAICS Code 323114 - Quick Printing Loan Approval Date 4/20/2001 Loan Approval Gross Amount $96,000 Loan Approval from the SBA Of the total $96,000 loan amount, the SBA guaranteed $81,600. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Sign-A-Rama franchise. At the time of the loan, the company had 3 employees. The loan application did not indicate that the SBA funding recipient planned to use the funding to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. We've showcased information on this loan to let you know that businesses like yours 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: Find an SBA Lender in Dallas, Texas Where to Get an SBA Loan Texas
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