Manlius, NY Entrepreneur Gets SBA Loan to Buy Management Recruiters Franchise
Need money to invest in a Management Recruiters franchise? Alliance Bank has a history of making these loans and they are guaranteed by the SBA.
Getting money to buy a Management Recruiters franchise requires some effort but others before you have been successful. In 2005, Alliance Bank issued an SBA franchise loan to an entrepreneur in Manlius, New York. Because Management Recruiters was registered with the SBA's registry of franchises, this New York small business loan was issued on an expedited basis.
SBA Loan Borrower
MRI OF SYRACUSE - EAST
MANLIUS, NY 13104
SBA Loan Lender
ALLIANCE BANK
120 MADISON ST, AXA TOWER LL,
SYRACUSE, NY 13202
This SBA 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.
NAICS Code
561499 - Business Support Services
Loan Approval Date
4/12/2005
Loan Approval Gross Amount
$125,000
Loan Approval from the SBA
Of the total $125,000 loan amount, the SBA guaranteed $62,500.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Management Recruiters 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 6 existing jobs.
Start the Process for Getting an SBA Loan Today!
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Alliance Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).
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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