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December 20, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Winter Park, Business Loans > Bankfirst Winter Park Business Loans > Fastsigns Loan | ||||
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Business Loans for Orlando Entrepreneurs
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Florida Entrepreneur Secures Financing to Buy Fastsigns FranchiseNeed money to buy a Fastsigns franchise? Bankfirst has a history of making these loans and they are guaranteed by the SBA. If you live near Orlando, Florida and are interested in buying a Fastsigns franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2005 by Bankfirst. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower FASTSIGNS SBA Loan Lender BANKFIRST This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 339950 - Sign Manufacturing Loan Approval Date 9/9/2005 Loan Approval Gross Amount $132,500 Loan Approval from the SBA Of the total $132,500 loan amount, the SBA guaranteed $99,375. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Fastsigns franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 1 existing job. Start the Process for Getting an SBA Loan Today! SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Bankfirst had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Bankfirst made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Obtaining Funding - How to Borrow Money SBA Banks in Winter Park, Florida
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