Jacksonville, FL Entrepreneur Gets SBA Loan to Buy Realty Executive Franchise

Borrowing money to buy a Realty Executive franchise? Washington Mutual Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Realty Executive franchise? If so, here's a 2000 SBA franchise loan that you should know about. Washington Mutual Bank was the lender and the entrepreneur was based in Jacksonville, Florida.

SBA Loan Borrower

REALTY EXECUTIVES THE PREFERRE
JACKSONVILLE, FL 32259

SBA Loan Lender

WASHINGTON MUTUAL BANK
2273 N GREEN VALLEY PKWY, STE
HENDERSON, NV 89014

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

6163 - Loan Brokers

NAICS Code

522310 - Mortgage and Nonmortgage Loan Brokers

Loan Approval Date

9/15/2000

Loan Approval Gross Amount

$625,300

Loan Approval from the SBA

Of the total $625,300 loan amount, the SBA guaranteed $468,975.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Realty Executive franchise. At the time of the loan, the company had 8 employees. The SBA loan application for the borrower indicated that the loan would help generate 7 new jobs and retain 8 existing jobs.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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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