Orange, CT Entrepreneur Gets SBA Loan to Buy Images 4 Kids Franchise

Borrowing money to buy an Images 4 Kids franchise? Webster Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Orange, Connecticut and are interested in buying an Images 4 Kids franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2005 by Webster Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

IMAGES 4 KIDS, LLC.
Orange, CT 06477

SBA Loan Lender

WEBSTER BANK
145 BANK ST
WATERBURY, CT 06702

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541922 - Commercial Photography

Loan Approval Date

6/14/2005

Loan Approval Gross Amount

$126,000

Loan Approval from the SBA

Of the total $126,000 loan amount, the SBA guaranteed $107,100.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Images 4 Kids franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help retain 2 existing jobs.

Getting an SBA Loan For Your Business

If you are raising money in Orange CT, you ought to talk with a local Orange SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Orange businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Webster Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Webster Bank 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.

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