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April 25, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Reston, Business Loans > Millennium Bank Reston Business Loans > Pump It Up Of Purcellville Loan | ||||
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SBA Franchise Lenders in Virginia
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Loan to Buy Pump It Up Franchise Issued By Millennium BankNeed a loan to purchase a Pump It Up franchise? Millennium Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Pump It Up franchise shouldn't be too tough. In 2005, Millennium Bank issued an SBA franchise loan to an entrepreneur in Lovettsville, Virginia. Because Pump It Up was registered with the SBA's registry of franchises, this Virginia small business loan was issued on an expedited basis. SBA Loan Borrower PUMP IT UP OF PURCELLVILLE SBA Loan Lender MILLENNIUM BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 713120 - Amusement Arcades Loan Approval Date 11/28/2005 Loan Approval Gross Amount $491,000 Loan Approval from the SBA Of the total $491,000 loan amount, the SBA guaranteed $368,250. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Pump It Up franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the borrowed money would help generate 7 new jobs. Start the Process for Getting an SBA Loan Today! 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. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $491,000 loan. Remember, feel the fear, and do it anyway. 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: Accountant's Role in Securing Financing Best Banks for Small Business in Reston, Virginia
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