Loan Census Banking News and Information
December 23, 2024  
 
 
  Business Loan Information  
 

Where to Get a Bank Loan to Purchase a Franchise

 

 
Loan Census SBA Loan Info

Borrow Money to Buy an Assist 2 Sell Discount Realty Franchise

Need money to purchase an Assist 2 Sell Discount Realty franchise? Business Loan Center, LLC has a history of making these loans and they are guaranteed by the SBA.

If you live near Bonita Springs, Florida and are interested in buying an Assist 2 Sell Discount Realty franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2004 by Business Loan Center, LLC. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

BONITA ESTERO REALTY CORPORATI
BONITA SPRINGS, FL 34135

SBA Loan Lender

BUSINESS LOAN CENTER, LLC
1633 BROADWAY, 39TH FL
NEW YORK, NY 10019

This SBA small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

531210 - Real Estate Agents and Brokers

Loan Approval Date

10/14/2004

Loan Approval Gross Amount

$25,000

Loan Approval from the SBA

Of the total $25,000 loan amount, the SBA guaranteed $21,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Assist 2 Sell Discount Realty 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 3 new jobs and retain 1 existing job.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Business Loan Center, LLC that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Assist-2-Sell

Banking Deregulation's Effects on Entrepreneurship

Good Banks for Small Business in New York, New York

SBA Participating Banks in New York