Community W. Bank Provides SBA Loan to Buy U Build It Franchise

Need a loan to buy an U Build It franchise? Community W. Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Franklin, Tennessee needed money to invest in an U Build It franchise back in 2006. Community W. Bank issued an SBA franchise loan. Here are the details on this Tennessee small business loan.

SBA Loan Borrower

UBUILDIT-COOL SPRINGS
FRANKLIN, TN 37067

SBA Loan Lender

COMMUNITY W. BANK
5827 HOLLISTER AVE
GOLETA, CA 93117

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

236115 - New Single-Family Housing Construction

Loan Approval Date

11/17/2006

Loan Approval Gross Amount

$164,300

Loan Approval from the SBA

Of the total $164,300 loan amount, the SBA guaranteed $123,225.

More Information on This SBA Loan

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

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

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Community W. Bank and they will explain how you can get an SBA loan for your company.

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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