Pembroke Pines, FL Entrepreneur Gets SBA Loan to Buy Sign-A-Rama Franchise

Need a loan to invest in a Sign-A-Rama franchise? Bank Leumi Usa has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Sign-A-Rama franchise may simply require a phone call to a local SBA banker. In 2001, Bank Leumi Usa issued an SBA franchise loan to an entrepreneur in Pembroke Pines, Florida. Because Sign-A-Rama was registered with the SBA's registry of franchises, this Florida small business loan was issued on an expedited basis.

SBA Loan Borrower

SIGN A RAMA
PEMBROKE PINES, FL 33025

SBA Loan Lender

BANK LEUMI USA
5295 TOWN CTR RD
BOCA RATON, FL 33486

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

3993 - Signs and Advertising Specialties

NAICS Code

339950 - Sign Manufacturing

Loan Approval Date

1/31/2001

Loan Approval Gross Amount

$110,000

Loan Approval from the SBA

Of the total $110,000 loan amount, the SBA guaranteed $93,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Sign-A-Rama franchise. At the time of the loan, the company had 3 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need business start up money in Pembroke Pines FL, you ought to talk with a local Pembroke Pines SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Pembroke Pines businesses.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Bank Leumi Usa and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

SIGN*A*RAMA

Obtaining Funding - How to Borrow Money

SBA 7A Banks in Boca Raton, Florida

Florida SBA 7A Lenders