Loan to Buy Fast-Fix Jewelry Repairs Franchise Issued By Bank Of America
Borrowing money to invest in a Fast-Fix Jewelry Repairs franchise? Bank Of America has a history of making these loans and they are guaranteed by the SBA.
Want to borrow money to buy a Fast-Fix Jewelry Repairs franchise? If so, here's a 2006 SBA franchise loan that you should know about. Bank Of America was the lender and the entrepreneur was based in Fort Lauderdale, Florida.
SBA Loan Borrower
MBM ENTERPRISES, CORP. OF SO. FLORIDA
FORT LAUDERDALE, FL 33309
SBA Loan Lender
BANK OF AMERICA
100 N TRYON ST
CHARLOTTE, NC 28255
This SBA small business 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
448310 - Jewelry Stores
Loan Approval Date
10/19/2006
Loan Approval Gross Amount
$35,000
Loan Approval from the SBA
Of the total $35,000 loan amount, the SBA guaranteed $17,500.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was used to buy a Fast-Fix Jewelry Repairs franchise. At the time of the loan, the company
had 13 employees. The SBA loan documents indicated that the loan would help retain 13 existing jobs.
Start the Process for Getting an SBA Loan Today!
SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.
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:
Fast-Fix Jewelry Repairs
Business Incubators
Where to Get an SBA Loan in Charlotte, North Carolina
SBA North Carolina Banks