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November 15, 2024 |
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| Home > Small Business Lenders by State > Maryland Business Loan Sources > Annapolis, Business Loans > Commercefirst Bank Annapolis Business Loans > Ledo Pizza At Eddie's Place Loan | ||||
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Raising Money in Crofton, Maryland With SBA Loans
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Crofton, MD Entrepreneur Gets SBA Loan to Buy Ledo Pizza FranchiseBorrowing money to invest in a Ledo Pizza franchise? Commercefirst Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Crofton, Maryland needed money to invest in a Ledo Pizza franchise back in 2005. Commercefirst Bank issued an SBA franchise loan. Here are the details on this Maryland small business loan. SBA Loan Borrower LEDO PIZZA AT EDDIE'S PLACE SBA Loan Lender COMMERCEFIRST BANK This lender issued this debt financing under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 8/31/2005 Loan Approval Gross Amount $300,000 Loan Approval from the SBA Of the total $300,000 loan amount, the SBA guaranteed $225,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Ledo Pizza franchise. At the time of the loan, the company had 41 employees. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. We've showcased information on this loan to let you know that businesses like yours 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: Best Banks in Annapolis, Maryland
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