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May 16, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > Cherry Hill, Business Loans > Isn Bank Cherry Hill Business Loans > Ranfield, Inc. Loan | ||||
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Good Sources for Glenmoore SBA Loans
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Glenmoore, PA Entrepreneur Gets SBA Loan to Buy Meineke Discount Muffler FranchiseBorrowing money to purchase a Meineke Discount Muffler franchise? Isn Bank has a history of making these loans and they are guaranteed by the SBA. Meineke Discount Muffler franchise loans are available to Glenmoore, Pennsylvania entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Isn Bank, based in Cherry Hill, New Jersey, issued an SBA franchise loan for a Meineke Discount Muffler franchise in 2002. We've got all the details on this Pennsylvania small business loan. SBA Loan Borrower RANFIELD, INC. SBA Loan Lender ISN BANK This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811112 - Automotive Exhaust System Repair Loan Approval Date 3/7/2002 Loan Approval Gross Amount $600,000 Loan Approval from the SBA Of the total $600,000 loan amount, the SBA guaranteed $450,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Meineke Discount Muffler franchise. At the time of the loan, the company had 22 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. 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 $600,000 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: Best Banks in Cherry Hill, New Jersey Browse All Business Loan Sources for New Jersey
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