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December 22, 2024  
 
 
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Where to Get a Business Loan to Purchase a Franchise

 

 
Loan Census SBA Loan Info

Business Lenders, LLC Provides SBA Loan to Buy Fastsigns Franchise

Need a loan to purchase a Fastsigns franchise? Business Lenders, LLC has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Fastsigns franchise? If so, here's a 2002 SBA franchise loan that you should know about. Business Lenders, LLC was the lender and the entrepreneur was based in Middletown, New Jersey.

SBA Loan Borrower

FASTSIGNS
MIDDLETOWN, NJ 07701

SBA Loan Lender

BUSINESS LENDERS, LLC
50 STATE HOUSE SQUARE 5TH FL
HARTFORD, CT 06103

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541890 - Services Related to Advertising

Loan Approval Date

9/27/2002

Loan Approval Gross Amount

$182,000

Loan Approval from the SBA

Of the total $182,000 loan amount, the SBA guaranteed $136,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Fastsigns franchise. At the time of the loan, the company had 3 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 1 existing job.

Getting an SBA Loan For Your Business

If you need business start up money in Middletown NJ, you ought to talk with a local Middletown SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Middletown businesses.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

FASTSIGNS

Family and Friend Investors - Your First Financiers

Find an SBA Lender in Hartford, Connecticut

Getting an SBA Loan in Connecticut