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April 26, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Providence, Business Loans > Bank Of America Providence Business Loans > Motophoto Of Clifton Park Loan | ||||
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I Need an SBA 7A Loan to Buy a Franchise in Clifton Park, New York
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Borrow Money to Buy a Moto Photo FranchiseBorrowing money to invest in a Moto Photo franchise? Bank Of America has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Clifton Park, New York needed money to invest in a Moto Photo franchise back in 2004. Bank Of America issued an SBA franchise loan. Here are the details on this New York small business loan. SBA Loan Borrower MOTOPHOTO OF CLIFTON PARK SBA Loan Lender BANK OF AMERICA This SBA loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 561439 - Business Service Centers Loan Approval Date 7/6/2004 Loan Approval Gross Amount $21,000 Loan Approval from the SBA Of the total $21,000 loan amount, the SBA guaranteed $10,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Moto Photo franchise. At the time of the loan, the company had 3 employees. The SBA loan documents indicated that the loan would help retain 3 existing jobs. Great, But How Can I Get an SBA Loan for My Business? If you are wondering how to find money to start a business or need money for an existing business, an SBA loan can be a great way to raise money Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $21,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Dealing With Venture Capitalists Who Lends Money to Small Businesses in Providence, Rhode Island Browse All Business Loan Sources for Rhode Island
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