Maryland Entrepreneur Secures Financing to Buy Candy Express Franchise
Borrowing money to buy a Candy Express franchise? Millennium State Bank Of Texas has a history of making these loans and they are guaranteed by the SBA.
Want to borrow money to buy a Candy Express franchise? If so, here's a 2007 SBA franchise loan that you should know about. Millennium State Bank Of Texas was the lender and the entrepreneur was based in Linthicum Heights, Maryland.
SBA Loan Borrower
CANDY EXPRESS
LINTHICUM HEIGHTS, MD 21090
SBA Loan Lender
MILLENNIUM STATE BANK OF TEXAS
11950 WEBB CHAPEL RD
DALLAS, TX 75234
This lender provides SBA bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
445292 - Confectionery and Nut Stores
Loan Approval Date
2/16/2007
Loan Approval Gross Amount
$322,000
Loan Approval from the SBA
Of the total $322,000 loan amount, the SBA guaranteed $241,500.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Candy Express franchise. At the time of the loan, the company
had only one employee. This SBA loan request indicated that the loan would help generate 6 new jobs and retain 6 existing jobs.
Start the Process for Getting an SBA Loan Today!
Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.
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:
Candy Express
The Art of Bootstrapping
SBA Participating Banks in Dallas, Texas
Where to Get an SBA Loan Texas