Branch Bank & Trust Provides SBA Loan to Buy Garage Tek Franchise

Need a loan to invest in a Garage Tek franchise? Branch Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Garage Tek franchise is doable. In 2007, Branch Bank & Trust issued an SBA franchise loan to an entrepreneur in East Northport, New York. Because Garage Tek was registered with the SBA's registry of franchises, this New York small business loan was issued on an expedited basis.

SBA Loan Borrower

WPHM ENTERPRISES, LLC
EAST NORTHPORT, NY 11731

SBA Loan Lender

BRANCH BANK & TRUST
200 W 2ND ST
WINSTON SALEM, NC 27101

This business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

238390 - Building Finishing Contractors

Loan Approval Date

10/17/2007

Loan Approval Gross Amount

$310,000

Loan Approval from the SBA

Of the total $310,000 loan amount, the SBA guaranteed $155,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Garage Tek franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help generate 1 new job and retain 1 existing job.

Start the Process for Getting an SBA Loan Today!

If you are working on finding money to start a business in East Northport NY, you ought to talk with a local East Northport SBA lender or talk with an out-of-area SBA lender that has previously loaned money to East Northport businesses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

GarageTek Inc.

Direct Public Offerings

SBA Participating Banks in Winston Salem, North Carolina

SBA North Carolina Lenders