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November 23, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Warrenton, Business Loans > Provident Bank Of Maryland Warrenton Business Loans > Mellow Mushroom Loan | ||||
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Business Loans for Charlottesville Entrepreneurs
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Borrow Money to Buy a Mellow Mushroom FranchiseBorrowing money to purchase a Mellow Mushroom franchise? Provident Bank Of Maryland has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Mellow Mushroom franchise? If so, here's a 2000 SBA franchise loan that you should know about. Provident Bank Of Maryland was the lender and the entrepreneur was based in Charlottesville, Virginia. SBA Loan Borrower MELLOW MUSHROOM SBA Loan Lender PROVIDENT BANK OF MARYLAND As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 10/25/2000 Loan Approval Gross Amount $325,500 Loan Approval from the SBA Of the total $325,500 loan amount, the SBA guaranteed $244,125. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Mellow Mushroom franchise. At the time of the loan, the company had only one employee. This SBA loan request indicated that the borrowed money would help create 15 new jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: SBA Participating Banks in Warrenton, Virginia
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