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May 3, 2024 |
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| Home > Small Business Lenders by State > Washington Business Loan Sources > Spokane, Business Loans > Banner Bank Spokane Business Loans > Handyman Connection Loan | ||||
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Business Loans for Spokane Businesses
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Banner Bank Provides SBA Loan to Buy Handyman Connection FranchiseNeed money to buy a Handyman Connection franchise? Banner Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Spokane, Washington needed money to invest in a Handyman Connection franchise back in 2004. Banner Bank issued an SBA franchise loan. Here are the details on this Washington small business loan. SBA Loan Borrower HANDYMAN CONNECTION SBA Loan Lender BANNER BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 236118 - Residential Remodelers Loan Approval Date 9/14/2004 Loan Approval Gross Amount $49,900 Loan Approval from the SBA Of the total $49,900 loan amount, the SBA guaranteed $42,415. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Handyman Connection franchise. At the time of the loan, the company had 10 employees. The SBA loan documents did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $49,900 loan. Remember, anyone can do it... so why not you? 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: Small Business Banks in Spokane, Washington
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