Massachusetts Entrepreneur Secures Financing to Buy Golf Etc. Franchise

Need money to invest in a Golf Etc. franchise? South Shore Co-Operative Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Plymouth, Massachusetts and are interested in buying a Golf Etc. franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2002 by South Shore Co-Operative Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

PLYMOUTH GOLF PROFESSIONALS
PLYMOUTH, MA 02360

SBA Loan Lender

SOUTH SHORE CO-OPERATIVE BANK
195 WASHINGTON ST
WEYMOUTH, MA 02188

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

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5941 - Sporting Goods Stores and Bicycle Shops

NAICS Code

451110 - Sporting Goods Stores

Loan Approval Date

12/31/2002

Loan Approval Gross Amount

$190,000

Loan Approval from the SBA

Of the total $190,000 loan amount, the SBA guaranteed $142,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Golf Etc. franchise. At the time of the loan, the company had 3 employees. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Golf Etc

Role of Business Plan When Raising Money

Small Business Banks in Weymouth, Massachusetts

SBA Lenders in Massachusetts