Loan Census Banking News and Information
December 22, 2024  
 
 
  Business Loan Information  
 

Raising Money in Cary, North Carolina With SBA Loans

 

 
Loan Census SBA Loan Info

Amer Business Lending Inc. Provides SBA Loan to Buy Monkey Joe's Franchise

Need a loan to purchase a Monkey Joe's franchise? Amer Business Lending Inc. has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Monkey Joe's franchise shouldn't be overly burdensome. In 2008, Amer Business Lending Inc. issued an SBA franchise loan to an entrepreneur in Cary, North Carolina. Because Monkey Joe's was registered with the SBA's registry of franchises, this North Carolina small business loan was issued on an expedited basis.

SBA Loan Borrower

MONKEY JOE'S
CARY, NC 27511

SBA Loan Lender

AMER BUSINESS LENDING INC.
1420 W. MOCKINGBIRD LANE, SUI
DALLAS, TX 75247

This SBA 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

713120 - Amusement Arcades

Loan Approval Date

1/28/2008

Loan Approval Gross Amount

$555,000

Loan Approval from the SBA

Of the total $555,000 loan amount, the SBA guaranteed $416,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Monkey Joe's franchise. At the time of the loan, the company had 20 employees. The SBA loan documents indicated that the loan would help generate 20 new 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.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Amer Business Lending Inc. and they will explain how you can get an SBA loan for your company.

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:

Monkey Joe's

VC Firms on Twitter

SBA Participating Banks in Dallas, Texas

Texas SBA 7A Banks