Syringa Bank Provides SBA Loan to Buy Gotcha Covered Franchise

Borrowing money to buy a Gotcha Covered franchise? Syringa Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Gotcha Covered franchise shouldn't be overly burdensome. In 2003, Syringa Bank issued an SBA franchise loan to an entrepreneur in Nampa, Idaho. Because Gotcha Covered was registered with the SBA's registry of franchises, this Idaho small business loan was issued on an expedited basis.

SBA Loan Borrower

MAAG GOTCHA COVERED
NAMPA, ID 83686

SBA Loan Lender

SYRINGA BANK
3671 E FAIRVIEW AVE
MERIDIAN, ID 83642

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561730 - Landscaping Services

Loan Approval Date

6/16/2003

Loan Approval Gross Amount

$51,000

Loan Approval from the SBA

Of the total $51,000 loan amount, the SBA guaranteed $43,350.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Gotcha Covered franchise. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the business planned to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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.

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Gotcha Covered Blinds

Small Business Loan

SBA Approved Banks in Meridian, Idaho

Idaho SBA Bank Lenders