Borrow Money to Buy a Little Professor Book Center Franchise

Borrowing money to invest in a Little Professor Book Center franchise? Citizens & Farmers Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Little Professor Book Center franchise requires some effort but others before you have been successful. In 2001, Citizens & Farmers Bank issued an SBA franchise loan to an entrepreneur in Chesterfield, Virginia. Because Little Professor Book Center was registered with the SBA's registry of franchises, this Virginia small business loan was issued on an expedited basis.

SBA Loan Borrower

LITTLE PROFESSOR BOOK CENTER
CHESTERFIELD, VA 23832

SBA Loan Lender

CITIZENS & FARMERS BANK
8001 W BROAD ST
RICHMOND, VA 23294

This SBA 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

5942 - Book Stores

NAICS Code

451211 - Book Stores

Loan Approval Date

11/6/2001

Loan Approval Gross Amount

$236,050

Loan Approval from the SBA

Of the total $236,050 loan amount, the SBA guaranteed $177,038.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Little Professor Book Center franchise. At the time of the loan, the company had 7 employees. The loan application did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you need money to buy a business? 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.

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