Virginia Entrepreneur Secures Financing to Buy The Intelligent Office Franchise

Borrowing money to buy a Intelligent Office franchise? Suntrust Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a The Intelligent Office franchise may simply require a phone call to a local SBA banker. In 2004, Suntrust Bank issued an SBA franchise loan to an entrepreneur in Potomac Falls, Virginia. Because The Intelligent Office was registered with the SBA's registry of franchises, this Virginia small business loan was issued on an expedited basis.

SBA Loan Borrower

THE INTELLIGENT OFFICE
POTOMAC FALLS, VA 20165

SBA Loan Lender

SUNTRUST BANK
25 PARK PLACE NE
ATLANTA, GA 30303

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

561990 - Support Services

Loan Approval Date

4/29/2004

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 a new business. This loan was used to buy a The Intelligent Office franchise. At the time of the loan, the company had 10 employees. The SBA loan documents indicated that the loan would help generate 10 new jobs and retain 10 existing jobs.

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

If you are working on finding money to start a business in Potomac Falls VA, you ought to talk with a local Potomac Falls SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Potomac Falls businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $100,000 loan. Remember, things become real when you believe you can achieve them!

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:

The Intelligent Office

Strategic Investors

Where to Get an SBA Loan in Atlanta, Georgia

SBA Lenders in Georgia