Loan to Buy Remax Franchise Issued By Crescent State Bank

Need money to buy a Remax franchise? Crescent State Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Remax franchise may simply require a phone call to a local SBA banker. In 2001, Crescent State Bank issued an SBA franchise loan to an entrepreneur in Clayton, North Carolina. Because Remax was registered with the SBA's registry of franchises, this North Carolina small business loan was issued on an expedited basis.

SBA Loan Borrower

RE/MAX-SOUTHLAND REALTY
CLAYTON, NC 27520

SBA Loan Lender

CRESCENT STATE BANK
315 E MAIN ST
CLAYTON, NC 27520

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

6531 - Real Estate Agents and Managers

NAICS Code

531210 - Real Estate Agents and Brokers

Loan Approval Date

10/29/2001

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Remax franchise. At the time of the loan, the company had 33 employees. The loan application did not indicate that the business planned to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

This SBA loan was for $100,000. How would you spend $100,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Remax

Dealing With Venture Capitalists

SBA 7A Banks for Clayton, North Carolina Loans

Where to Get an SBA Loan North Carolina