North Carolina Entrepreneur Secures Financing to Buy The Great Frame Up Systems Franchise

Borrowing money to purchase a Great Frame Up Systems franchise? First-Citizens Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

The Great Frame Up Systems franchise loans are available to Huntersville, North Carolina entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, First-Citizens Bank & Trust, based in Raleigh, North Carolina, issued an SBA franchise loan for a The Great Frame Up Systems franchise in 2003. We've got all the details on this North Carolina small business loan.

SBA Loan Borrower

THE GREAT FRAME UP, HUNTERSVIL
HUNTERSVILLE, NC 28078

SBA Loan Lender

FIRST-CITIZENS BANK & TRUST
100 E TRYON RD
RALEIGH, NC 27603

This lender issued this particular 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

7699 - Repair Shops and Related Services

NAICS Code

442299 - Home Furnishings Stores

Loan Approval Date

11/18/2003

Loan Approval Gross Amount

$122,500

Loan Approval from the SBA

Of the total $122,500 loan amount, the SBA guaranteed $104,125.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a The Great Frame Up Systems franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

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

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $122,500 loan. Remember, if it to be, it is up to me!

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:

The Great Frame Up

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