Loan to Buy Homewatch International Franchise Issued By Lafayette Ambassador Bank

Need money to invest in a Homewatch International franchise? Lafayette Ambassador Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Bethlehem, Pennsylvania needed money to invest in a Homewatch International franchise back in 2005. Lafayette Ambassador Bank issued an SBA franchise loan. Here are the details on this Pennsylvania small business loan.

SBA Loan Borrower

HOMEWATCH CAREGIVERS
BETHLEHEM, PA 18017

SBA Loan Lender

LAFAYETTE AMBASSADOR BANK
360 NORTHAMPTON ST
EASTON, PA 18020

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

624190 - Individual and Family Services

Loan Approval Date

7/6/2005

Loan Approval Gross Amount

$85,000

Loan Approval from the SBA

Of the total $85,000 loan amount, the SBA guaranteed $42,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Homewatch International franchise. At the time of the loan, the company had 70 employees. The loan application indicated that the loan would help retain 70 existing jobs.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Lafayette Ambassador Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Lafayette Ambassador 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.

Related Links:

Homewatch Caregivers

A Company That Helps Entrepreneurs

Small Bank Loans in Easton, Pennsylvania

SBA Participating Banks in Pennsylvania