Loan Census Banking News and Information
November 15, 2024  
 
 
  Business Loan Information  
 

Where to Get an SBA Loan to Purchase a Franchise

 

 
Loan Census SBA Loan Info

Missouri Entrepreneur Secures Financing to Buy Outdoor Lighting Perspectives Franchise

Need money to buy an Outdoor Lighting Perspectives franchise? Bank Of America has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy an Outdoor Lighting Perspectives franchise may simply require a phone call to a local SBA banker. In 2001, Bank Of America issued an SBA franchise loan to an entrepreneur in O'Fallon, Missouri. Because Outdoor Lighting Perspectives was registered with the SBA's registry of franchises, this Missouri small business loan was issued on an expedited basis.

SBA Loan Borrower

OUTDOOR LIGHTING PERSPECTIVES
O'FALLON, MO 63366

SBA Loan Lender

BANK OF AMERICA
100 N TRYON ST
CHARLOTTE, NC 28255

This SBA bank loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

235990 - Special Trade Contractors

Loan Approval Date

7/30/2001

Loan Approval Gross Amount

$47,500

Loan Approval from the SBA

Of the total $47,500 loan amount, the SBA guaranteed $23,750.

More Information on This SBA Loan

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

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Outdoor Lighting Perspectives

How Much Venture Capital Is There?

Small Bank Loans in Charlotte, North Carolina

Getting an SBA Loan in North Carolina