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January 16, 2022  
 
 
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Is It Possible to Borrow Money for a Franchise in Miami, Florida?

 

 
Loan Census SBA Loan Info

Loan to Buy Sign-A-Rama Franchise Issued By Bank Leumi Usa

Need money to invest in a Sign-A-Rama franchise? Bank Leumi Usa has a history of making these loans and they are guaranteed by the SBA.

Sign-A-Rama franchise loans are available to Miami, Florida entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Bank Leumi Usa, based in Miami, Florida, issued an SBA franchise loan for a Sign-A-Rama franchise in 2001. We've got all the details on this Florida small business loan.

SBA Loan Borrower

SIGN-A-RAMA
MIAMI, FL 33014

SBA Loan Lender

BANK LEUMI USA
800 BRICKELL AVE, STE 1400
MIAMI, FL 33131

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2759 - Commercial Printing

NAICS Code

323114 - Quick Printing

Loan Approval Date

6/5/2001

Loan Approval Gross Amount

$110,000

Loan Approval from the SBA

Of the total $110,000 loan amount, the SBA guaranteed $93,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Sign-A-Rama franchise. At the time of the loan, the company had 3 employees. The SBA loan documents did not indicate that the company promised to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $110,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

SIGN*A*RAMA

Role of Business Plan When Raising Money

Find an SBA Lender in Miami, Florida

SBA Florida Banks