Loan to Buy Prudential Realtors the Franchise Issued By Saco & Biddeford Savings Insti

Need money to buy a Prudential Realtors the franchise? Saco & Biddeford Savings Insti has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Biddeford, Maine needed money to invest in a Prudential Realtors the franchise back in 2007. Saco & Biddeford Savings Insti issued an SBA franchise loan. Here are the details on this Maine small business loan.

SBA Loan Borrower

DSL ASSOCIATES, LLC
BIDDEFORD, ME 04005

SBA Loan Lender

SACO & BIDDEFORD SAVINGS INSTI
252 MAIN ST
SACO, ME 04072

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

531210 - Real Estate Agents and Brokers

Loan Approval Date

12/6/2007

Loan Approval Gross Amount

$15,000

Loan Approval from the SBA

Of the total $15,000 loan amount, the SBA guaranteed $7,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Prudential Realtors the 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 create 2 new jobs.

Getting an SBA Loan For Your Business

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.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Obtaining Funding - How to Borrow Money

Where to Get an SBA Loan in Saco, Maine

Maine SBA Banks