Loan to Buy Once Upon A Child Franchise Issued By Suntrust Bank
Borrowing money to invest in an Once Upon A Child franchise? Suntrust Bank has a history of making these loans and they are guaranteed by the SBA.
Want to borrow money to buy an Once Upon A Child franchise? If so, here's a 2003 SBA franchise loan that you should know about. Suntrust Bank was the lender and the entrepreneur was based in Bent Mountain, Virginia.
SBA Loan Borrower
ONCE UPON A CHILD
BENT MOUNTAIN, VA 24015
SBA Loan Lender
SUNTRUST BANK
25 PARK PLACE NE
ATLANTA, GA 30303
This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
448130 - Children's and Infants' Clothing Stores
Loan Approval Date
7/18/2003
Loan Approval Gross Amount
$60,000
Loan Approval from the SBA
Of the total $60,000 loan amount, the SBA guaranteed $30,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was used to buy an Once Upon A Child franchise. At the time of the loan, the company
had 7 employees. The SBA loan documents indicated that the loan would help retain 7 existing jobs.
Getting an SBA Loan For Your Business
For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.
We can help you find the best banks for small businesses in Bent Mountain or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.
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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