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April 20, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > Blue Bell, Business Loans > Bank Of America Blue Bell Business Loans > The Medicine Shoppe Loan | ||||
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Raising Money in Lansdale, Pennsylvania With SBA Loans
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Loan to Buy Medicine Shoppe Franchise Issued By Bank Of AmericaNeed money to buy a Medicine Shoppe franchise? Bank Of America has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Lansdale, Pennsylvania needed money to invest in a Medicine Shoppe franchise back in 2002. Bank Of America issued an SBA franchise loan. Here are the details on this Pennsylvania small business loan. SBA Loan Borrower THE MEDICINE SHOPPE SBA Loan Lender BANK OF AMERICA This SBA bank 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 446110 - Pharmacies and Drug Stores Loan Approval Date 11/15/2002 Loan Approval Gross Amount $170,600 Loan Approval from the SBA Of the total $170,600 loan amount, the SBA guaranteed $85,300. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Medicine Shoppe franchise. At the time of the loan, the company had 5 employees. The SBA loan application for the borrower indicated that the loan would help retain 5 existing jobs. Next Steps for Getting an SBA Loan If you need money to start a business or need money to grow a business, an SBA loan can be a great funding source We can help you find the best banks for small businesses in Lansdale 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: Medicine Shoppe International, Inc. Advice on Getting a Small Business Loan SBA Participating Banks in Blue Bell, Pennsylvania
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