Loan to Buy Fast Frame Franchise Issued By First Guaranty Bank & Trust - Ja

Borrowing money to buy a Fast Frame franchise? First Guaranty Bank & Trust - Ja has a history of making these loans and they are guaranteed by the SBA.

If you live near Jacksonville, Florida and are interested in buying a Fast Frame franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2003 by First Guaranty Bank & Trust - Ja. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

FASTFRAME
JACKSONVILLE, FL 32256

SBA Loan Lender

FIRST GUARANTY BANK & TRUST - JA
1234 KING ST
JACKSONVILLE, FL 32204

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2499 - Wood Products

NAICS Code

339999 - Manufacturing

Loan Approval Date

11/10/2003

Loan Approval Gross Amount

$65,000

Loan Approval from the SBA

Of the total $65,000 loan amount, the SBA guaranteed $55,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Fast Frame franchise. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into First Guaranty Bank & Trust - Ja and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

FASTFRAME USA INC.

Financing Your Business

SBA Participating Banks in Jacksonville, Florida

Florida SBA Bank Lenders