Keybank National Association Provides SBA Loan to Buy Ucc Total Home Franchise

Borrowing money to buy an Ucc Total Home franchise? Keybank National Association has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy an Ucc Total Home franchise may simply require a phone call to a local SBA banker. In 2005, Keybank National Association issued an SBA franchise loan to an entrepreneur in Meridian, Idaho. Because Ucc Total Home was registered with the SBA's registry of franchises, this Idaho small business loan was issued on an expedited basis.

SBA Loan Borrower

KIMBERLY R & BURTON O WEST
MERIDIAN, ID 83642

SBA Loan Lender

KEYBANK NATIONAL ASSOCIATION
127 PUBLIC SQ
CLEVELAND, OH 44114

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

442299 - Home Furnishings Stores

Loan Approval Date

5/19/2005

Loan Approval Gross Amount

$1,490,900

Loan Approval from the SBA

Of the total $1,490,900 loan amount, the SBA guaranteed $1,118,175.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an Ucc Total Home franchise. At the time of the loan, the company had 8 employees. The SBA loan application for the borrower indicated that the loan would help generate 4 new jobs and retain 12 existing jobs.

Getting an SBA Loan For Your Business

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Keybank National Association and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

UCC TotalHome

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Where to Get an SBA Loan Ohio