Metropolitan National Bank Provides SBA Loan to Buy Embroide Me.Com Franchise

Need money to invest in an Embroide Me.Com franchise? Metropolitan National Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Mabelvale, Arkansas needed money to invest in an Embroide Me.Com franchise back in 2006. Metropolitan National Bank issued an SBA franchise loan. Here are the details on this Arkansas small business loan.

SBA Loan Borrower

EMBROIDME
MABELVALE, AR 72103

SBA Loan Lender

METROPOLITAN NATIONAL BANK
425 W CAPITOL AVE
LITTLE ROCK, AR 72201

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

313222 - Schiffli Machine Embroidery

Loan Approval Date

3/31/2006

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Embroide Me.Com franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help generate 5 new jobs and retain 1 existing job.

Getting an SBA Loan For Your Business

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Metropolitan National Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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.

Related Links:

Embroid Me

Obtaining Funding - Getting Venture Capital

SBA Banks in Little Rock, Arkansas

Arkansas SBA 7A Banks