Borrow Money to Buy a Certa Propainters Franchise

Need a loan to buy a Certa Propainters franchise? Sovereign Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Certa Propainters franchise shouldn't be overly burdensome. In 2003, Sovereign Bank issued an SBA franchise loan to an entrepreneur in Morganville, New Jersey. Because Certa Propainters was registered with the SBA's registry of franchises, this New Jersey small business loan was issued on an expedited basis.

SBA Loan Borrower

CERTA PROPAINTERS
MORGANVILLE, NJ 07751

SBA Loan Lender

SOVEREIGN BANK
1130 BERKSHIRE BLVD
WYOMISSING, PA 19610

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

238320 - Painting and Wall Covering Contractors

Loan Approval Date

5/23/2003

Loan Approval Gross Amount

$55,500

Loan Approval from the SBA

Of the total $55,500 loan amount, the SBA guaranteed $47,175.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Certa Propainters franchise. At the time of the loan, the company had only one employee. This SBA loan request indicated that the borrowed money would help create 2 new jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you are raising money in Morganville NJ, you ought to talk with a local Morganville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Morganville businesses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

CertaPro Painters

Alternative Financing

SBA Banks in Wyomissing, Pennsylvania

SBA Participating Banks in Pennsylvania