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May 2, 2024 |
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| Home > Small Business Lenders by State > Oregon Business Loan Sources > Henderson, Business Loans > Silver State Bank Henderson Business Loans > Big Town Hero-Morrison Loan | ||||
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I Need a Small Business Loan to Buy a Franchise in Portland, Oregon
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Borrow Money to Buy a Big Town Hero FranchiseBorrowing money to purchase a Big Town Hero franchise? Silver State Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Big Town Hero franchise may simply require a phone call to a local SBA banker. In 2004, Silver State Bank issued an SBA franchise loan to an entrepreneur in Portland, Oregon. Because Big Town Hero was registered with the SBA's registry of franchises, this Oregon small business loan was issued on an expedited basis. SBA Loan Borrower BIG TOWN HERO-MORRISON SBA Loan Lender SILVER STATE BANK This lender provides SBA debt financing as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 3/4/2004 Loan Approval Gross Amount $55,600 Loan Approval from the SBA Of the total $55,600 loan amount, the SBA guaranteed $47,260. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Big Town Hero franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the funding would help create 2 new jobs. Start the Process for Getting an SBA Loan Today! SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: Raising VC Money for Social Networking Companies Where to Get an SBA Loan in Henderson, Nevada
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