Massachusetts Entrepreneur Secures Financing to Buy Agway Franchise

Borrowing money to buy an Agway franchise? Cape Cod Five Cents Savings Bk has a history of making these loans and they are guaranteed by the SBA.

If you live near Orleans, Massachusetts and are interested in buying an Agway franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2003 by Cape Cod Five Cents Savings Bk. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

AGWAY OF ORLEANS & DENNIS
ORLEANS, MA 02653

SBA Loan Lender

CAPE COD FIVE CENTS SAVINGS BK
532 MAIN ST
HARWICH PORT, MA 02646

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 debt financing to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5261 - Retail Nurseries, Lawn and Garden Supply Stores

NAICS Code

444210 - Outdoor Power Equipment Stores

Loan Approval Date

8/20/2003

Loan Approval Gross Amount

$442,500

Loan Approval from the SBA

Of the total $442,500 loan amount, the SBA guaranteed $331,875.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an Agway franchise. At the time of the loan, the company had 60 employees. This SBA loan request did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you want money to buy a franchise? 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:

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