Borrow Money to Buy an American Express Financial Advisors Franchise

Need money to invest in an American Express Financial Advisors franchise? Hometown Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy an American Express Financial Advisors franchise? If so, here's a 2003 SBA franchise loan that you should know about. Hometown Bank was the lender and the entrepreneur was based in Fond Du Lac, Wisconsin.

SBA Loan Borrower

AMERICAN EXPRESS FINANCIAL ADV
FOND DU LAC, WI 54935

SBA Loan Lender

HOMETOWN BANK
245 N PETERS AVE
FOND DU LAC, WI 54935

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

6282 - Investment Advice

NAICS Code

523930 - Investment Advice

Loan Approval Date

12/24/2003

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 an American Express Financial Advisors franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower did not indicate that the business promised to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

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

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.

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