Pittsfield, MA Entrepreneur Gets SBA Loan to Buy Kabloom Franchise

Borrowing money to buy a Kabloom franchise? Td Banknorth has a history of making these loans and they are guaranteed by the SBA.

Kabloom franchise loans are available to Pittsfield, Massachusetts entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Td Banknorth, based in Portland, Maine, issued an SBA franchise loan for a Kabloom franchise in 2004. We've got all the details on this Massachusetts small business loan.

SBA Loan Borrower

LYNN'S FLOWERS, LLC
Pittsfield, MA 01201

SBA Loan Lender

TD BANKNORTH
1 PORTLAND SQ
PORTLAND, ME 04101

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

453110 - Florists

Loan Approval Date

9/14/2004

Loan Approval Gross Amount

$25,000

Loan Approval from the SBA

Of the total $25,000 loan amount, the SBA guaranteed $12,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Kabloom franchise. At the time of the loan, the company had only one employee. The loan application did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

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

We've showcased information on this loan to let you know that businesses like yours 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:

KaBloom Florists

Alternative Financing

SBA Participating Banks in Portland, Maine

SBA Maine Lenders