Middleton (town Of), MA Entrepreneur Gets SBA Loan to Buy Crown Trophy Franchise

Need money to purchase a Crown Trophy franchise? Danversbank has a history of making these loans and they are guaranteed by the SBA.

Crown Trophy franchise loans are available to Middleton (town Of), Massachusetts entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Danversbank, based in Danvers, Massachusetts, issued an SBA franchise loan for a Crown Trophy franchise in 2005. We've got all the details on this Massachusetts small business loan.

SBA Loan Borrower

CROWN TROPHY
MIDDLETON (TOWN OF), MA 01949

SBA Loan Lender

DANVERSBANK
1 CONANT ST
DANVERS, MA 01923

The lender provided this loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

454390 - Direct Selling Establishments

Loan Approval Date

2/22/2005

Loan Approval Gross Amount

$25,000

Loan Approval from the SBA

Of the total $25,000 loan amount, the SBA guaranteed $12,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Crown Trophy franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help retain 2 existing jobs.

Getting an SBA Loan For Your Business

Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Danversbank 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.

Related Links:

Crown Trophy

Role of Business Plan When Raising Money

Find an SBA Lender in Danvers, Massachusetts

Getting an SBA Loan in Massachusetts