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May 3, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Winter Park, Business Loans > Bankfirst Winter Park Business Loans > The Great Frame Up Loan | ||||
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Where to Get a Business Loan to Purchase a Franchise
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Borrow Money to Buy a The Great Frame Up Systems FranchiseNeed a loan to buy a Great Frame Up Systems franchise? Bankfirst has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Sanford, Florida needed money to invest in a The Great Frame Up Systems franchise back in 2005. Bankfirst issued an SBA franchise loan. Here are the details on this Florida small business loan. SBA Loan Borrower THE GREAT FRAME UP SBA Loan Lender BANKFIRST Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 453998 - Store Retailers Loan Approval Date 3/25/2005 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $75,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a The Great Frame Up Systems franchise. At the time of the loan, the company had 3 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 3 existing jobs. Great, But How Can I Get an SBA Loan for My Business? If you want money for new small business in Sanford FL, you ought to talk with a local Sanford SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Sanford businesses. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Where to Get an SBA Loan in Winter Park, Florida
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