Loan Census Banking News and Information
April 24, 2024  
 
 
  Business Loan Information  
 

Where to Get a Small Business Loan to Purchase a Franchise

 

 
Loan Census SBA Loan Info

Borrow Money to Buy a Nature's Table Franchise

Need a loan to invest in a Nature's Table franchise? Bank Of America has a history of making these loans and they are guaranteed by the SBA.

Nature's Table franchise loans are available to Maitland, Florida entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Bank Of America, based in Charlotte, North Carolina, issued an SBA franchise loan for a Nature's Table franchise in 2002. We've got all the details on this Florida small business loan.

SBA Loan Borrower

LJ BLUES, INC.
MAITLAND, FL 32751

SBA Loan Lender

BANK OF AMERICA
100 N TRYON ST
CHARLOTTE, NC 28255

The lender provided this business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

722211 - Limited-Service Restaurants

Loan Approval Date

11/22/2002

Loan Approval Gross Amount

$63,000

Loan Approval from the SBA

Of the total $63,000 loan amount, the SBA guaranteed $31,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Nature's Table franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower indicated that the loan would help retain 3 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

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 $63,000 loan. Remember, things become real when you believe you can achieve them!

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:

Nature's Table Café

Business Incubators

Small Bank Loans in Charlotte, North Carolina

SBA Lenders in North Carolina