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May 2, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Fredericksburg, Business Loans > Second Bank & Trust Fredericksburg Business Loans > Candy Bouquet Loan | ||||
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Raising Money in Stafford, Virginia With SBA Loans
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Loan to Buy Candy Bouquet,Inc Franchise Issued By Second Bank & TrustBorrowing money to invest in a Candy Bouquet,Inc franchise? Second Bank & Trust has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Stafford, Virginia needed money to invest in a Candy Bouquet,Inc franchise back in 2002. Second Bank & Trust issued an SBA franchise loan. Here are the details on this Virginia small business loan. SBA Loan Borrower CANDY BOUQUET SBA Loan Lender SECOND BANK & TRUST This lender issued this particular loan 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 2064 - Candy and Other Confectionery Products NAICS Code 311330 - Confectionery Manufacturing from Purchased Chocolate Loan Approval Date 7/31/2002 Loan Approval Gross Amount $45,000 Loan Approval from the SBA Of the total $45,000 loan amount, the SBA guaranteed $38,250. 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 SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. 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 Second Bank & Trust 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: Accountant's Role in Securing Financing Good Banks for Small Business in Fredericksburg, Virginia
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