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May 4, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Winter Park, Business Loans > Bankfirst Winter Park Business Loans > American Ramp Systems Of Centr Loan | ||||
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Raising Money in Mount Dora, Florida With SBA Loans
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Bankfirst Provides SBA Loan to Buy FranchiseBorrowing money to purchase a franchise? Bankfirst has a history of making these loans and they are guaranteed by the SBA. If you live near Mount Dora, Florida and are interested in buying a franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2007 by Bankfirst. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower AMERICAN RAMP SYSTEMS OF CENTR SBA Loan Lender BANKFIRST This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 532291 - Home Health Equipment Rental Loan Approval Date 11/29/2007 Loan Approval Gross Amount $184,000 Loan Approval from the SBA Of the total $184,000 loan amount, the SBA guaranteed $138,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help retain 2 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Bankfirst had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Bankfirst made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Where to Get an SBA Loan in Winter Park, Florida
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