Borrow Money to Buy a Closets By Design Franchise

Need money to invest in a Closets By Design franchise? K Bank has a history of making these loans and they are guaranteed by the SBA.

Closets By Design franchise loans are available to Baltimore, Maryland entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, K Bank, based in Owings Mills, Maryland, issued an SBA franchise loan for a Closets By Design franchise in 2006. We've got all the details on this Maryland small business loan.

SBA Loan Borrower

CLOSETS BY DESIGN OF MARYLAND
BALTIMORE, MD 21223

SBA Loan Lender

K BANK
11407 CRONHILL DR, STE N
OWINGS MILLS, MD 21117

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

444190 - Building Material Dealers

Loan Approval Date

4/21/2006

Loan Approval Gross Amount

$85,000

Loan Approval from the SBA

Of the total $85,000 loan amount, the SBA guaranteed $72,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Closets By Design franchise. At the time of the loan, the company had 6 employees. This SBA loan request indicated that the loan would help retain 6 existing jobs.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. K Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, K Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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Closets By Design

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Where to Get an SBA Loan in Owings Mills, Maryland

Getting an SBA Loan in Maryland