Commerce Bank Provides SBA Loan to Buy Sparkling Image Franchise
Need money to purchase a Sparkling Image franchise? Commerce Bank has a history of making these loans and they are guaranteed by the SBA.
Getting money to buy a Sparkling Image franchise shouldn't be overly burdensome. In 2005, Commerce Bank issued an SBA franchise loan to an entrepreneur in Cherry Hill (township Of), New Jersey. Because Sparkling Image was registered with the SBA's registry of franchises, this New Jersey small business loan was issued on an expedited basis.
SBA Loan Borrower
MMDY LLC.
CHERRY HILL (TOWNSHIP OF), NJ 08003
SBA Loan Lender
COMMERCE BANK
2005 MARKET ST
PHILADELPHIA, PA 19103
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
561720 - Janitorial Services
Loan Approval Date
4/19/2005
Loan Approval Gross Amount
$54,000
Loan Approval from the SBA
Of the total $54,000 loan amount, the SBA guaranteed $45,900.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Sparkling Image 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 2 new jobs.
Getting an SBA Loan For Your Business
SBA loans provide money to small business owners for working capital for other expenses.
While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.
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:
Sparkling Image
Financing Your Business
Who Lends Money to Small Businesses in Philadelphia, Pennsylvania
Pennsylvania SBA Bank Lenders