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May 1, 2024 |
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| Home > Small Business Lenders by State > Maryland Business Loan Sources > Flemington, Business Loans > Commerce Bank Flemington Business Loans > Lone Wolf Golf, LLC Loan | ||||
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Where Can I Find Franchise Loans in Silver Spring, Maryland?
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Maryland Entrepreneur Secures Financing to Buy Golf Etc. FranchiseNeed a loan to purchase a Golf Etc. franchise? Commerce Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Silver Spring, Maryland needed money to invest in a Golf Etc. franchise back in 2007. Commerce Bank issued an SBA franchise loan. Here are the details on this Maryland small business loan. SBA Loan Borrower LONE WOLF GOLF, LLC SBA Loan Lender COMMERCE BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 451110 - Sporting Goods Stores Loan Approval Date 2/22/2007 Loan Approval Gross Amount $400,000 Loan Approval from the SBA Of the total $400,000 loan amount, the SBA guaranteed $300,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Golf Etc. franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 2 existing jobs. Next Steps for Getting an SBA Loan SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Commerce Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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 7A Lenders in Flemington, New Jersey
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