Loan to Buy Woodcraft Franchise Corporation Franchise Issued By First Comm. Bank - Florida

Borrowing money to purchase a Woodcraft Franchise Corporation franchise? First Comm. Bank - Florida has a history of making these loans and they are guaranteed by the SBA.

Woodcraft Franchise Corporation franchise loans are available to Casselberry, Florida entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, First Comm. Bank - Florida, based in Orlando, Florida, issued an SBA franchise loan for a Woodcraft Franchise Corporation franchise in 2004. We've got all the details on this Florida small business loan.

SBA Loan Borrower

WOODCRAFT ORLANDO
CASSELBERRY, FL 32707

SBA Loan Lender

FIRST COMM. BANK - FLORIDA
945 S ORANGE AVE
ORLANDO, FL 32806

This SBA loan was issued under the SBA's Certified Lenders Program (CLP), which means that the lender has a successful SBA lending track record and a thorough understanding of SBA lending rules and regulations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

451120 - Hobby, Toy, and Game Stores

Loan Approval Date

10/5/2004

Loan Approval Gross Amount

$698,000

Loan Approval from the SBA

Of the total $698,000 loan amount, the SBA guaranteed $523,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Woodcraft Franchise Corporation franchise. At the time of the loan, the company had 10 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees.

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.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into First Comm. Bank - Florida and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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.

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