Pennsylvania Entrepreneur Secures Financing to Buy Arthur Murray Dance Studio Franchise

Need a loan to purchase an Arthur Murray Dance Studio franchise? Ncb, Fsb has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy an Arthur Murray Dance Studio franchise? If so, here's a 2002 SBA franchise loan that you should know about. Ncb, Fsb was the lender and the entrepreneur was based in Norristown, Pennsylvania.

SBA Loan Borrower

ARTHUR MURRAY DANCE STUDIO
NORRISTOWN, PA 19401

SBA Loan Lender

NCB, FSB
139 S HIGH ST
HILLSBORO, OH 45133

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide bank loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

611610 - Fine Arts Schools

Loan Approval Date

11/5/2002

Loan Approval Gross Amount

$142,500

Loan Approval from the SBA

Of the total $142,500 loan amount, the SBA guaranteed $121,125.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an Arthur Murray Dance Studio franchise. At the time of the loan, the company had 9 employees. The loan application did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

We can help you find the best banks for small businesses in Norristown or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

The Friends and Family Network

SBA 7A Banks for Hillsboro, Ohio Loans

SBA Lenders in Ohio