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November 15, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Richmond, Business Loans > Business Loan Center, LLC Richmond Business Loans > Border Station, The Loan | ||||
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Small Business Banks for Chesapeake Small Business Owners
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Loan to Buy Stuckey's Express Franchise Issued By Business Loan Center, LLCNeed a loan to invest in a Stuckey's Express franchise? Business Loan Center, LLC has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Stuckey's Express franchise? If so, here's a 2003 SBA franchise loan that you should know about. Business Loan Center, LLC was the lender and the entrepreneur was based in Chesapeake, Virginia. SBA Loan Borrower BORDER STATION, THE SBA Loan Lender BUSINESS LOAN CENTER, LLC This SBA small business 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. SIC Code 5411 - Grocery Stores NAICS Code 447110 - Gasoline Stations with Convenience Stores Loan Approval Date 5/22/2003 Loan Approval Gross Amount $1,165,000 Loan Approval from the SBA Of the total $1,165,000 loan amount, the SBA guaranteed $873,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Stuckey's Express franchise. At the time of the loan, the company had 65 employees. The loan application did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Business Loan Center, LLC are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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 Richmond, Virginia
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