Pensacola, FL Entrepreneur Gets SBA Loan to Buy Padgett Business Service Franchise

Need a loan to invest in a Padgett Business Service franchise? Bank Of Pensacola has a history of making these loans and they are guaranteed by the SBA.

If you live near Pensacola, Florida and are interested in buying a Padgett Business Service franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2000 by Bank Of Pensacola. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

PADGETT BUSINESS SERVICES
PENSACOLA, FL 32514

SBA Loan Lender

BANK OF PENSACOLA
125 W ROMANA ST
PENSACOLA, FL 32502

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8721 - Accounting, Auditing, and Bookkeeping Services

Loan Approval Date

6/16/2000

Loan Approval Gross Amount

$48,500

Loan Approval from the SBA

Of the total $48,500 loan amount, the SBA guaranteed $38,800.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Padgett Business Service franchise. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

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

This SBA loan was for $48,500. How would you spend $48,500 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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Padgett Business Services

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Florida SBA 7A Lenders