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November 14, 2024  
 
 
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Where to Get an SBA Loan to Purchase a Franchise

 

 
Loan Census SBA Loan Info

Loan to Buy American Express Financial Advisors Franchise Issued By United Western Bank

Need a loan to invest in an American Express Financial Advisors franchise? United Western Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Portland, Oregon and are interested in buying an American Express Financial Advisors franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2005 by United Western Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

AMERICAN EXPRESS FINANCIAL SER
PORTLAND, OR 97229

SBA Loan Lender

UNITED WESTERN BANK
700 17TH ST, STE 100
DENVER, CO 80202

This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

523930 - Investment Advice

Loan Approval Date

11/18/2005

Loan Approval Gross Amount

$514,000

Loan Approval from the SBA

Of the total $514,000 loan amount, the SBA guaranteed $385,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an American Express Financial Advisors franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 2 existing jobs.

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

SBA loans provide money to small business owners for working capital for other expenses.

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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