Loan Census Banking News and Information
March 26, 2023  
  Business Loan Information  

Virginia Small Business Funding for Franchises


Loan Census SBA Loan Info

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


SBA Loan Lender


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.

SIC Code

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 news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. 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:

Bank Credit Lines

SBA 7A Banks in Portsmouth, Virginia

Virginia SBA Bank Lenders