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April 27, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Warrenton, Business Loans > Provident Bank Of Maryland Warrenton Business Loans > Happy Homeowner Punch-Out And Loan | ||||
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Where to Get a Bank Loan to Purchase a Franchise
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Virginia Entrepreneur Secures Financing to Buy Hometeam Inspection Service FranchiseNeed money to buy a Hometeam Inspection Service franchise? Provident Bank Of Maryland has a history of making these loans and they are guaranteed by the SBA. Hometeam Inspection Service franchise loans are available to Reston, Virginia entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Provident Bank Of Maryland, based in Warrenton, Virginia, issued an SBA franchise loan for a Hometeam Inspection Service franchise in 2002. We've got all the details on this Virginia small business loan. SBA Loan Borrower HAPPY HOMEOWNER PUNCH-OUT AND SBA Loan Lender PROVIDENT BANK OF MARYLAND This lender issued this particular debt financing under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7389 - Business Services NAICS Code 541350 - Building Inspection Services Loan Approval Date 3/29/2002 Loan Approval Gross Amount $48,000 Loan Approval from the SBA Of the total $48,000 loan amount, the SBA guaranteed $40,800. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Hometeam Inspection Service franchise. At the time of the loan, the company had 2 employees. The loan application did not indicate that the company promised to use the money to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? If you are raising money in Reston VA, you ought to talk with a local Reston SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Reston businesses. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Provident Bank Of Maryland and they will explain how you can get an SBA loan for your company. 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: Obtaining Funding - Getting Venture Capital Best Banks in Warrenton, Virginia
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