Virginia Entrepreneur Secures Financing to Buy Wild Birds Unlimited Franchise

Need money to invest in a Wild Birds Unlimited franchise? Citizens & Farmers Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Chesapeake, Virginia and are interested in buying a Wild Birds Unlimited franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2003 by Citizens & Farmers Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

WILD BIRDS UNLIMITED
CHESAPEAKE, VA 23235

SBA Loan Lender

CITIZENS & FARMERS BANK
802 MAIN ST
WEST POINT, VA 23181

The lender provided this loan for a small business through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

444220 - Nursery and Garden Centers

Loan Approval Date

5/23/2003

Loan Approval Gross Amount

$60,000

Loan Approval from the SBA

Of the total $60,000 loan amount, the SBA guaranteed $30,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Wild Birds Unlimited franchise. At the time of the loan, the company had 5 employees. The SBA loan documents indicated that the borrowed money would help generate 2 new jobs.

Great, But How Can I Get an SBA Loan for My Business?

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $60,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Wild Birds Unlimited, Inc.

Advice on Getting a Small Business Loan

Small Business Banks in West Point, Virginia

Getting a Business Loan in Virginia