Loan to Buy Comfort Keepers Franchise Issued By Bank Of America

Borrowing money to buy a Comfort Keepers franchise? Bank Of America has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Comfort Keepers franchise? If so, here's a 2007 SBA franchise loan that you should know about. Bank Of America was the lender and the entrepreneur was based in Tallahassee, Florida.

SBA Loan Borrower

WATSON COMPANION CARE, INC. DBA COMFORT KE
TALLAHASSEE, FL 32301

SBA Loan Lender

BANK OF AMERICA
100 N TRYON ST
CHARLOTTE, NC 28255

This SBA loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

621610 - Home Health Care Services

Loan Approval Date

3/21/2007

Loan Approval Gross Amount

$33,000

Loan Approval from the SBA

Of the total $33,000 loan amount, the SBA guaranteed $16,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Comfort Keepers franchise. At the time of the loan, the company had 36 employees. The SBA loan documents indicated that the loan would help generate 35 new jobs and retain 36 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

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.

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:

Comfort Keepers

Realistic Debt Financing Options

SBA Banks in Charlotte, North Carolina

SBA North Carolina Lenders