Borrow Money to Buy a Hannoush Jewelers Franchise

Need a loan to purchase a Hannoush Jewelers franchise? Chicopee Savings Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Hannoush Jewelers franchise requires some effort but others before you have been successful. In 2004, Chicopee Savings Bank issued an SBA franchise loan to an entrepreneur in Lanesboro (town Name Lanesboro, Massachusetts. Because Hannoush Jewelers was registered with the SBA's registry of franchises, this Massachusetts small business loan was issued on an expedited basis.

SBA Loan Borrower

HANNOUSH JEWELERS
LANESBORO (TOWN NAME LANESBORO, MA 01237

SBA Loan Lender

CHICOPEE SAVINGS BANK
70 CENTER ST
CHICOPEE, MA 01013

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

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

NAICS Code

448310 - Jewelry Stores

Loan Approval Date

6/4/2004

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $50,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Hannoush Jewelers franchise. At the time of the loan, the company had 6 employees. The SBA loan application for the borrower indicated that the loan would help retain 6 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Chicopee Savings Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Chicopee Savings Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Hannoush Jewelers

504 Loans

Small Bank Loans in Chicopee, Massachusetts

Massachusetts SBA Banks