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May 4, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Providence, Business Loans > Rbs Citizens Providence Business Loans > Gnc Loan | ||||
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Rbs Citizens SBA Franchise Loans
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Borrow Money to Buy a General Nutrition Center FranchiseNeed money to invest in a General Nutrition Center franchise? Rbs Citizens has a history of making these loans and they are guaranteed by the SBA. If you live near Holland, Ohio and are interested in buying a General Nutrition Center franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2000 by Rbs Citizens. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower GNC SBA Loan Lender RBS CITIZENS This was a Low Documentation SBA loan. The SBA started this program to limit the paperwork associated with borrowing money. The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5499 - Food Stores Loan Approval Date 7/12/2000 Loan Approval Gross Amount $104,200 Loan Approval from the SBA Of the total $104,200 loan amount, the SBA guaranteed $78,150. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a General Nutrition Center franchise. At the time of the loan, the company had 6 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. We can help you find the best banks for small businesses in Holland or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: General Nutrition Centers / GNC Live Well SBA Approved Banks in Providence, Rhode Island
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