Bank Of The West Provides SBA Loan to Buy Fastsigns Franchise

Borrowing money to buy a Fastsigns franchise? Bank Of The West has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Fastsigns franchise shouldn't be overly burdensome. In 2002, Bank Of The West issued an SBA franchise loan to an entrepreneur in Auburn Hills, Michigan. Because Fastsigns was registered with the SBA's registry of franchises, this Michigan small business loan was issued on an expedited basis.

SBA Loan Borrower

FASTSIGNS
AUBURN HILLS, MI 48321

SBA Loan Lender

BANK OF THE WEST
180 MONTGOMERY ST
SAN FRANCISCO, CA 94104

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

323119 - Commercial Printing

Loan Approval Date

12/26/2002

Loan Approval Gross Amount

$182,700

Loan Approval from the SBA

Of the total $182,700 loan amount, the SBA guaranteed $137,025.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Fastsigns franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help generate 4 new jobs and retain 2 existing jobs.

Next Steps for Getting an SBA Loan

If you need money to start business in Auburn Hills MI, you ought to talk with a local Auburn Hills SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Auburn Hills businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Bank Of The West and they will explain how you can get an SBA loan for your company.

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.

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