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May 1, 2024 |
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| Home > Small Business Lenders by State > Maryland Business Loan Sources > Salisbury, Business Loans > Branch Bank & Trust Salisbury Business Loans > The Candy Bouquet Loan | ||||
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How to Get SBA Loans in Salisbury, Maryland
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Borrow Money to Buy a Candy Bouquet,Inc FranchiseBorrowing money to purchase a Candy Bouquet,Inc franchise? Branch Bank & Trust has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Candy Bouquet,Inc franchise? If so, here's a 2001 SBA franchise loan that you should know about. Branch Bank & Trust was the lender and the entrepreneur was based in Salisbury, Maryland. SBA Loan Borrower THE CANDY BOUQUET SBA Loan Lender BRANCH BANK & TRUST This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with appliying for an SBA loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 2064 - Candy and Other Confectionery Products NAICS Code 311330 - Confectionery Manufacturing from Purchased Chocolate Loan Approval Date 9/14/2001 Loan Approval Gross Amount $20,000 Loan Approval from the SBA Of the total $20,000 loan amount, the SBA guaranteed $17,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Candy Bouquet,Inc franchise. At the time of the loan, the company had 2 employees. The loan application did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. This SBA loan was for $20,000. How would you spend $20,000 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 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: SBA Participating Banks in Salisbury, Maryland
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