Sovereign Bank Provides SBA Loan to Buy One-Hour Moto Photo Franchise

Borrowing money to buy an One-Hour Moto Photo franchise? Sovereign Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy an One-Hour Moto Photo franchise is doable. In 2005, Sovereign Bank issued an SBA franchise loan to an entrepreneur in Enfield, Connecticut. Because One-Hour Moto Photo was registered with the SBA's registry of franchises, this Connecticut small business loan was issued on an expedited basis.

SBA Loan Borrower

KEY FOTO GRAPHICS INC.
ENFIELD, CT 06082

SBA Loan Lender

SOVEREIGN BANK
2 ALDWYN LN
VILLANOVA, PA 19085

This lender processed this SBA small business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

812922 - One-Hour Photofinishing

Loan Approval Date

2/28/2005

Loan Approval Gross Amount

$10,500

Loan Approval from the SBA

Of the total $10,500 loan amount, the SBA guaranteed $5,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an One-Hour Moto Photo franchise. At the time of the loan, the company had 6 employees. The SBA loan documents indicated that the loan would help retain 6 existing jobs.

Getting an SBA Loan For Your Business

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

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.

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