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April 27, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Norfolk, Business Loans > Bank Of The Commonwealth Norfolk Business Loans > Creative Cooking Concepts Inc Loan | ||||
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Bank Of The Commonwealth SBA 7A Franchise Loans
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Bank Of The Commonwealth Provides SBA Loan to Buy Dream Dinners FranchiseNeed a loan to buy a Dream Dinners franchise? Bank Of The Commonwealth has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Virginia Beach, Virginia needed money to invest in a Dream Dinners franchise back in 2006. Bank Of The Commonwealth issued an SBA franchise loan. Here are the details on this Virginia small business loan. SBA Loan Borrower CREATIVE COOKING CONCEPTS INC SBA Loan Lender BANK OF THE COMMONWEALTH This 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 722211 - Limited-Service Restaurants Loan Approval Date 8/8/2006 Loan Approval Gross Amount $250,000 Loan Approval from the SBA Of the total $250,000 loan amount, the SBA guaranteed $125,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Dream Dinners franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower indicated that the loan would help generate 4 new jobs. Getting an SBA Loan For Your Business SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. 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: Dealing With Venture Capitalists SBA 7A Banks for Norfolk, Virginia Loans
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