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December 25, 2024 |
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| Home > Small Business Lenders by State > Connecticut Business Loan Sources > Hartford, Business Loans > Business Lenders, LLC Hartford Business Loans > Moto Photo Loan | ||||
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SBA Franchise Lenders in Connecticut
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Borrow Money to Buy a Moto Photo FranchiseBorrowing money to buy a Moto Photo franchise? Business Lenders, LLC has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Moto Photo franchise? If so, here's a 2002 SBA franchise loan that you should know about. Business Lenders, LLC was the lender and the entrepreneur was based in Avon (avon Center), Connecticut. SBA Loan Borrower MOTO PHOTO SBA Loan Lender BUSINESS LENDERS, LLC 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 812922 - One-Hour Photofinishing Loan Approval Date 11/26/2002 Loan Approval Gross Amount $260,000 Loan Approval from the SBA Of the total $260,000 loan amount, the SBA guaranteed $195,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Moto Photo franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the loan would help generate 8 new jobs and retain 1 existing job. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Business Lenders, LLC and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Banks in Hartford, Connecticut
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