Borrow Money to Buy an Embroide Me.Com Franchise
Need a loan to invest in an Embroide Me.Com franchise? Compass Bank has a history of making these loans and they are guaranteed by the SBA.
Want to borrow money to buy an Embroide Me.Com franchise? If so, here's a 2007 SBA franchise loan that you should know about. Compass Bank was the lender and the entrepreneur was based in Phoenix, Arizona.
SBA Loan Borrower
VALLEY OF THE SUN EMBROIDERY L
PHOENIX, AZ 85037
SBA Loan Lender
COMPASS BANK
15 S 20TH ST
BIRMINGHAM, AL 35233
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
453998 - Store Retailers
Loan Approval Date
11/1/2007
Loan Approval Gross Amount
$224,300
Loan Approval from the SBA
Of the total $224,300 loan amount, the SBA guaranteed $168,225.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy an Embroide Me.Com franchise. At the time of the loan, the company
had 2 employees. The loan application indicated that the loan would help generate 3 new jobs and retain 2 existing jobs.
Start the Process for Getting an SBA Loan Today!
SBA loans provide smart, affordable business financing for small businesses looking to expand.
While you may be able to find business people willing to loan money, 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.
Related Links:
Embroid Me
Obtaining Funding - How to Decide How Much to Raise
SBA 7A Lenders in Birmingham, Alabama
Alabama SBA Banks