Freehold, NJ Entrepreneur Gets SBA Loan to Buy Deck The Walls Franchise

Borrowing money to invest in a Deck The Walls franchise? Bank Of America has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Deck The Walls franchise requires some effort but others before you have been successful. In 2000, Bank Of America issued an SBA franchise loan to an entrepreneur in Freehold, New Jersey. Because Deck The Walls was registered with the SBA's registry of franchises, this New Jersey small business loan was issued on an expedited basis.

SBA Loan Borrower

DECK THE WALLS
FREEHOLD, NJ 07728

SBA Loan Lender

BANK OF AMERICA
111 WESTMINSTER ST
PROVIDENCE, RI 02903

The lender provided this SBA small business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

SIC Code

5999 - Retail Stores

Loan Approval Date

2/18/2000

Loan Approval Gross Amount

$53,900

Loan Approval from the SBA

Of the total $53,900 loan amount, the SBA guaranteed $26,950.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Deck The Walls franchise. At the time of the loan, the company had 5 employees. The SBA loan application for the borrower indicated that the loan would help retain 5 existing jobs.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Bank Of America that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Deck The Walls, Inc.

A Company That Helps Entrepreneurs

SBA 7A Banks for Providence, Rhode Island Loans

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