New Jersey Entrepreneur Secures Financing to Buy Management Recruiters Franchise

Need a loan to buy a Management Recruiters franchise? Bank Of America has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Management Recruiters franchise? If so, here's a 2000 SBA franchise loan that you should know about. Bank Of America was the lender and the entrepreneur was based in Branchburg Park, New Jersey.

SBA Loan Borrower

MANAGEMENT RECRUITERS OF BEDMI
BRANCHBURG PARK, NJ 08870

SBA Loan Lender

BANK OF AMERICA
111 WESTMINSTER ST
PROVIDENCE, RI 02903

The lender provided this SBA business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

SIC Code

7361 - Employment Agencies

Loan Approval Date

9/19/2000

Loan Approval Gross Amount

$82,200

Loan Approval from the SBA

Of the total $82,200 loan amount, the SBA guaranteed $41,100.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Management Recruiters franchise. At the time of the loan, the company had 3 employees. This SBA loan request indicated that the loan would help generate 4 new jobs and retain 7 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Bank Of America so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Management Recruiters International, Inc.

A Company That Helps Entrepreneurs

Banks in Providence, Rhode Island

Rhode Island SBA 7A Banks