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May 5, 2024 |
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| Home > Small Business Lenders by State > Maryland Business Loan Sources > Olney, Business Loans > Sandy Spring Bank Olney Business Loans > Living The Dream LLC Loan | ||||
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Sandy Spring Bank Franchise Loans
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Sandy Spring Bank Provides SBA Loan to Buy Dream Dinners FranchiseNeed money to invest in a Dream Dinners franchise? Sandy Spring Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Dream Dinners franchise shouldn't be overly burdensome. In 2007, Sandy Spring Bank issued an SBA franchise loan to an entrepreneur in Frederick, Maryland. Because Dream Dinners was registered with the SBA's registry of franchises, this Maryland small business loan was issued on an expedited basis. SBA Loan Borrower LIVING THE DREAM LLC SBA Loan Lender SANDY SPRING BANK This lender provides SBA debt financing as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 445110 - Supermarkets and Grocery Stores Loan Approval Date 8/9/2007 Loan Approval Gross Amount $175,000 Loan Approval from the SBA Of the total $175,000 loan amount, the SBA guaranteed $131,250. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Dream Dinners franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help generate 3 new jobs and retain 2 existing jobs. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. 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:
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