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November 14, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Las Vegas, Business Loans > Citibank Las Vegas Business Loans > The Darris Lyn Co Loan | ||||
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Where to Get a Bank Loan to Purchase a Franchise
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Citibank Provides SBA Loan to Buy Pinch-A-Penny FranchiseNeed a loan to buy a Pinch-A-Penny franchise? Citibank has a history of making these loans and they are guaranteed by the SBA. If you live near Plantation, Florida and are interested in buying a Pinch-A-Penny franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2007 by Citibank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower THE DARRIS LYN CO SBA Loan Lender CITIBANK This bank loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 453998 - Store Retailers Loan Approval Date 10/23/2007 Loan Approval Gross Amount $53,000 Loan Approval from the SBA Of the total $53,000 loan amount, the SBA guaranteed $26,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Pinch-A-Penny franchise. At the time of the loan, the company had 5 employees. The SBA loan application for the borrower indicated that the loan would help retain 5 existing jobs. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Citibank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Obtaining Funding - How to Borrow Money SBA Banks in Las Vegas, Nevada
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