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April 27, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > New York, Business Loans > Newtek Small Business Finance Inc. New York Business Loans > Kabloom Loan | ||||
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Good Sources for Northville SBA Loans
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Borrow Money to Buy a Kabloom FranchiseBorrowing money to invest in a Kabloom franchise? Newtek Small Business Finance Inc. has a history of making these loans and they are guaranteed by the SBA. Kabloom franchise loans are available to Northville, Michigan entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Newtek Small Business Finance Inc., based in New York, New York, issued an SBA franchise loan for a Kabloom franchise in 2003. We've got all the details on this Michigan small business loan. SBA Loan Borrower KABLOOM SBA Loan Lender NEWTEK SMALL BUSINESS FINANCE INC. This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 453110 - Florists Loan Approval Date 10/29/2003 Loan Approval Gross Amount $212,500 Loan Approval from the SBA Of the total $212,500 loan amount, the SBA guaranteed $106,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Kabloom franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the borrowed money would help create 1 new job. Getting an SBA Loan For Your Business SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Dealing With Venture Capitalists SBA 7A Banks in New York, New York
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