Borrow Money to Buy a Handyman Connection Franchise

Borrowing money to purchase a Handyman Connection franchise? First Northern Bank Of Dixon has a history of making these loans and they are guaranteed by the SBA.

If you live near Fair Oaks, California and are interested in buying a Handyman Connection franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2003 by First Northern Bank Of Dixon. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

HANDYMAN CONNECTION OF SACRAME
FAIR OAKS, CA 95628

SBA Loan Lender

FIRST NORTHERN BANK OF DIXON
4600 NORTHGATE BLVD, STE 115
SACRAMENTO, CA 95834

This was a Low Documentation SBA loan. The SBA created this program to reduce the paperwork associated with appliying for an SBA loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

236118 - Residential Remodelers

Loan Approval Date

11/28/2003

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Handyman Connection franchise. At the time of the loan, the company had 100 employees. The SBA loan application for the borrower did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans provide smart, affordable business financing for small businesses looking to expand.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. First Northern Bank Of Dixon had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, First Northern Bank Of Dixon made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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