Borrow Money to Buy a Certa Propainters Franchise
Need a loan to buy a Certa Propainters franchise? Sovereign Bank has a history of making these loans and they are guaranteed by the SBA.
Getting money to buy a Certa Propainters franchise shouldn't be overly burdensome. In 2003, Sovereign Bank issued an SBA franchise loan to an entrepreneur in Morganville, New Jersey. Because Certa Propainters was registered with the SBA's registry of franchises, this New Jersey small business loan was issued on an expedited basis.
SBA Loan Borrower
CERTA PROPAINTERS
MORGANVILLE, NJ 07751
SBA Loan Lender
SOVEREIGN BANK
1130 BERKSHIRE BLVD
WYOMISSING, PA 19610
Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
238320 - Painting and Wall Covering Contractors
Loan Approval Date
5/23/2003
Loan Approval Gross Amount
$55,500
Loan Approval from the SBA
Of the total $55,500 loan amount, the SBA guaranteed $47,175.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Certa Propainters franchise. At the time of the loan, the company
had only one employee. This SBA loan request indicated that the borrowed money would help create 2 new jobs.
Great, But How Can I Get an SBA Loan for My Business?
If you are raising money in Morganville NJ, you ought to talk with a local Morganville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Morganville businesses.
This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.
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:
CertaPro Painters
Alternative Financing
SBA Banks in Wyomissing, Pennsylvania
SBA Participating Banks in Pennsylvania