Lehman Brothers Bank, Fsb Provides SBA Loan to Buy Baby's Room Usa Franchise

Need money to invest in a Baby's Room Usa franchise? Lehman Brothers Bank, Fsb has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Baby's Room Usa franchise is doable. In 2000, Lehman Brothers Bank, Fsb issued an SBA franchise loan to an entrepreneur in Greenville, South Carolina. Because Baby's Room Usa was registered with the SBA's registry of franchises, this South Carolina small business loan was issued on an expedited basis.

SBA Loan Borrower

USA BABY
GREENVILLE, SC 29615

SBA Loan Lender

LEHMAN BROTHERS BANK, FSB
101 SUMMER ST
BOSTON, MA 02110

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5712 - Furniture Stores

Loan Approval Date

5/12/2000

Loan Approval Gross Amount

$393,000

Loan Approval from the SBA

Of the total $393,000 loan amount, the SBA guaranteed $294,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Baby's Room Usa franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the loan would help generate 3 new jobs and retain 1 existing job.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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.

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