Loan Census Banking News and Information
April 24, 2024  
 
 
  Business Loan Information  
 

Wellington, Florida Bank for SBA Loans

 

 
Loan Census SBA Loan Info

Florida Entrepreneur Secures Financing to Buy Pearle Vision Center Franchise

Need a loan to purchase a Pearle Vision Center franchise? Regions Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Pearle Vision Center franchise shouldn't be overly burdensome. In 2002, Regions Bank issued an SBA franchise loan to an entrepreneur in Wellington, Florida. Because Pearle Vision Center was registered with the SBA's registry of franchises, this Florida small business loan was issued on an expedited basis.

SBA Loan Borrower

PEARLE VISION WG INC
WELLINGTON, FL 33414

SBA Loan Lender

REGIONS BANK
6200 POPLAR AVE
MEMPHIS, TN 38119

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

446130 - Optical Goods Stores

Loan Approval Date

2/12/2002

Loan Approval Gross Amount

$364,000

Loan Approval from the SBA

Of the total $364,000 loan amount, the SBA guaranteed $273,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Pearle Vision Center franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 2 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

Pearle Vision

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Tennessee SBA 7A Lenders