Banktrust Provides SBA Loan to Buy Shred-It Franchise

Need money to invest in a Shred-It franchise? Banktrust has a history of making these loans and they are guaranteed by the SBA.

If you live near Theodore, Alabama and are interested in buying a Shred-It franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2005 by Banktrust. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

SHRED-IT
THEODORE, AL 36582

SBA Loan Lender

BANKTRUST
100 ST. JOSEPH ST
MOBILE, AL 36602

This lender processed this loan for a small business under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

561990 - Support Services

Loan Approval Date

3/18/2005

Loan Approval Gross Amount

$200,900

Loan Approval from the SBA

Of the total $200,900 loan amount, the SBA guaranteed $100,450.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Shred-It franchise. At the time of the loan, the company had 14 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 15 existing jobs.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for 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:

Shred-It

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Banks in Mobile, Alabama

SBA Participating Banks in Alabama