Hanover, MD Entrepreneur Gets SBA Loan to Buy My Girlfriends Kitchens Franchise

Borrowing money to invest in a My Girlfriends Kitchens franchise? Howard Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a My Girlfriends Kitchens franchise shouldn't be too tough. In 2007, Howard Bank issued an SBA franchise loan to an entrepreneur in Hanover, Maryland. Because My Girlfriends Kitchens was registered with the SBA's registry of franchises, this Maryland small business loan was issued on an expedited basis.

SBA Loan Borrower

MY GIRLFRIENDS KITCHEN
HANOVER, MD 21076

SBA Loan Lender

HOWARD BANK
6011 UNIVERSITY BLVD, STE 370
ELLICOTT CITY, MD 21043

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

4/27/2007

Loan Approval Gross Amount

$435,000

Loan Approval from the SBA

Of the total $435,000 loan amount, the SBA guaranteed $326,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a My Girlfriends Kitchens franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower indicated that the loan would help generate 25 new jobs and retain 22 existing jobs.

Start the Process for Getting an SBA Loan Today!

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

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

My Girlfriend's Kitchen

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SBA 7A Banks in Ellicott City, Maryland

Maryland SBA 7A Lenders