North Andover (town Of), MA Entrepreneur Gets SBA Loan to Buy Sign-A-Rama Franchise

Need money to invest in a Sign-A-Rama franchise? Capital One has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Sign-A-Rama franchise? If so, here's a 2003 SBA franchise loan that you should know about. Capital One was the lender and the entrepreneur was based in North Andover (town Of), Massachusetts.

SBA Loan Borrower

SIGN*A*RAMA
NORTH ANDOVER (TOWN OF), MA 01845

SBA Loan Lender

CAPITAL ONE
1680 CAPITAL ONE DR
MCLEAN, VA 22102

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

339950 - Sign Manufacturing

Loan Approval Date

11/21/2003

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 Sign-A-Rama franchise. At the time of the loan, the company had 4 employees. The loan application indicated that the loan would help generate 1 new job and retain 4 existing jobs.

Getting an SBA Loan For Your Business

If you are working on finding money to start a business in North Andover (town Of) MA, you ought to talk with a local North Andover (town Of) SBA lender or talk with an out-of-area SBA lender that has previously loaned money to North Andover (town Of) businesses.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Capital One so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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