Loan to Buy Re/max Realty Franchise Issued By Heartland Community Bank

Need money to purchase a Re/max Realty franchise? Heartland Community Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Re/max Realty franchise may simply require a phone call to a local SBA banker. In 2001, Heartland Community Bank issued an SBA franchise loan to an entrepreneur in Franklin, Indiana. Because Re/max Realty was registered with the SBA's registry of franchises, this Indiana small business loan was issued on an expedited basis.

SBA Loan Borrower

REMAX REALTY
FRANKLIN, IN 46131

SBA Loan Lender

HEARTLAND COMMUNITY BANK
460 N MORTON ST
FRANKLIN, IN 46131

This lender issued this particular commercial loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

6531 - Real Estate Agents and Managers

NAICS Code

531311 - Residential Property Managers

Loan Approval Date

9/13/2001

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Re/max Realty franchise. At the time of the loan, the company had 3 employees. The loan application did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

Many small businesses receive loans backed by the U.S. Small Business Administration.

This SBA loan was for $100,000. How would you spend $100,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

RE/MAX International

Obtaining Funding - How to Borrow Money

SBA 7A Banks for Franklin, Indiana Loans

SBA Indiana Lenders