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May 6, 2024 |
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| Home > Small Business Lenders by State > Pennsylvania Business Loan Sources > Towson, Business Loans > Manufacturers & Traders Trust Towson Business Loans > Maui Wowi Loan | ||||
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Raising Money in Perkasie, Pennsylvania With SBA Loans
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Perkasie, PA Entrepreneur Gets SBA Loan to Buy Maui Wowi FranchiseNeed money to invest in a Maui Wowi franchise? Manufacturers & Traders Trust has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Perkasie, Pennsylvania needed money to invest in a Maui Wowi franchise back in 2002. Manufacturers & Traders Trust issued an SBA franchise loan. Here are the details on this Pennsylvania small business loan. SBA Loan Borrower MAUI WOWI SBA Loan Lender MANUFACTURERS & TRADERS TRUST This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 7/2/2002 Loan Approval Gross Amount $60,000 Loan Approval from the SBA Of the total $60,000 loan amount, the SBA guaranteed $51,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Maui Wowi franchise. At the time of the loan, the company had 2 employees. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $60,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Maui Wowi Fresh Hawaiian Blends SBA Approved Banks in Towson, Maryland Getting an SBA Loan in Maryland
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