Borrow Money to Buy an Option Care Franchise
Borrowing money to buy an Option Care franchise? Branch Bank & Trust has a history of making these loans and they are guaranteed by the SBA.
An entrepreneur in Newport News, Virginia needed money to invest in an Option Care franchise back in 2000. Branch Bank & Trust issued an SBA franchise loan. Here are the details on this Virginia small business loan.
SBA Loan Borrower
NEWPORT NEWS, VA 23606
SBA Loan Lender
BRANCH BANK & TRUST
500 CRAWFORD ST
PORTSMOUTH, VA 23704
This small business 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.
5912 - Drug Stores and Proprietary Stores
446110 - Pharmacies and Drug Stores
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $240,000 loan amount, the SBA guaranteed $180,000.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy an Option Care franchise. At the time of the loan, the company
had 5 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans provide money to small business owners for working capital for other expenses.
This SBA loan was for $240,000. How would you spend $240,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.
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.
Bank Credit Lines
SBA 7A Banks in Portsmouth, Virginia
Virginia SBA Bank Lenders