Borrow Money to Buy a Trojan Labor Franchise

Need money to invest in a Trojan Labor franchise? Commerce Bank has a history of making these loans and they are guaranteed by the SBA.

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

SBA Loan Borrower

TROJAN LABOR
PHILADELPHIA, PA 19124

SBA Loan Lender

COMMERCE BANK
200 LANCASTER AVE
DEVON, PA 19333

The lender provided this SBA bank loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

SIC Code

7361 - Employment Agencies

NAICS Code

561310 -

Loan Approval Date

6/2/2000

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $50,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Trojan Labor franchise. At the time of the loan, the company had 125 employees. This SBA loan request indicated that the loan would help retain 125 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

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

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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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