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December 22, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > New York, Business Loans > Newtek Small Business Finance Inc. New York Business Loans > Sona Medspa Loan | ||||
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Where to Get an SBA Loan to Purchase a Franchise
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Newtek Small Business Finance Inc. Provides SBA Loan to Buy Sona Laser Center FranchiseBorrowing money to buy a Sona Laser Center franchise? Newtek Small Business Finance Inc. has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Sona Laser Center franchise is doable. In 2005, Newtek Small Business Finance Inc. issued an SBA franchise loan to an entrepreneur in Allen, Texas. Because Sona Laser Center was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis. SBA Loan Borrower SONA MEDSPA SBA Loan Lender NEWTEK SMALL BUSINESS FINANCE INC. This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812111 - Barber Shops Loan Approval Date 11/25/2005 Loan Approval Gross Amount $680,000 Loan Approval from the SBA Of the total $680,000 loan amount, the SBA guaranteed $510,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Sona Laser Center franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 8 new jobs and retain 10 existing jobs. 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. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: SBA Approved Banks in New York, New York
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