Borrow Money to Buy a Remax Franchise

Need money to purchase a Remax franchise? Regions Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Pelham, Alabama and are interested in buying a Remax franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2000 by Regions Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

REMAX REALTY
PELHAM, AL 35124

SBA Loan Lender

REGIONS BANK
6637 ROSWELL RD
ATLANTA, GA 30328

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

6531 - Real Estate Agents and Managers

Loan Approval Date

6/5/2000

Loan Approval Gross Amount

$54,232

Loan Approval from the SBA

Of the total $54,232 loan amount, the SBA guaranteed $43,385.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Remax franchise. At the time of the loan, the company had 28 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $54,232 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Remax

Financing Your Business

Best Banks for Small Business in Atlanta, Georgia

Georgia SBA Bank Lenders