Borrow Money to Buy a Cruise Holidays Franchise

Borrowing money to invest in a Cruise Holidays franchise? Sovereign Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Cruise Holidays franchise shouldn't be too tough. In 2000, Sovereign Bank issued an SBA franchise loan to an entrepreneur in Lynn, Massachusetts. Because Cruise Holidays was registered with the SBA's registry of franchises, this Massachusetts small business loan was issued on an expedited basis.

SBA Loan Borrower

CRUISE HOLIDAYS OF NORTH SHORE
LYNN, MA 01905

SBA Loan Lender

SOVEREIGN BANK
75 STATE ST
BOSTON, MA 02109

This loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

SBA Loan Program Type

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

SIC Code

4724 - Travel Agencies

NAICS Code

561510 - Travel Agencies

Loan Approval Date

1/25/2000

Loan Approval Gross Amount

$5,000

Loan Approval from the SBA

Of the total $5,000 loan amount, the SBA guaranteed $2,500.

More Information on This SBA Loan

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

Next Steps for Getting an SBA Loan

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

This SBA loan was for $5,000. How would you spend $5,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Cruise Holidays

Role of Business Plan When Raising Money

Small Business Banks in Boston, Massachusetts

Getting an SBA Loan in Massachusetts