Loan to Buy Sign-A-Rama Franchise Issued By Fdic/net First National Bank

Borrowing money to purchase a Sign-A-Rama franchise? Fdic/net First National Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Sign-A-Rama franchise shouldn't be too tough. In 2000, Fdic/net First National Bank issued an SBA franchise loan to an entrepreneur in Margate, Florida. Because Sign-A-Rama was registered with the SBA's registry of franchises, this Florida small business loan was issued on an expedited basis.

SBA Loan Borrower

SIGN-A-RAMA
MARGATE, FL 33063

SBA Loan Lender

FDIC/NET FIRST NATIONAL BANK
1910 PACIFIC AVE
DALLAS, TX 75201

This lender issued this SBA loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3993 - Signs and Advertising Specialties

Loan Approval Date

9/27/2000

Loan Approval Gross Amount

$95,300

Loan Approval from the SBA

Of the total $95,300 loan amount, the SBA guaranteed $76,240.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Sign-A-Rama franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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:

SIGN*A*RAMA

Understanding Dilution

SBA 7A Banks in Dallas, Texas

SBA Lenders in Texas