Suntrust Bank Provides SBA Loan to Buy Sign-A-Rama Franchise

Borrowing money to buy a Sign-A-Rama franchise? Suntrust Bank has a history of making these loans and they are guaranteed by the SBA.

Sign-A-Rama franchise loans are available to Raleigh, North Carolina entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Suntrust Bank, based in Graham, North Carolina, issued an SBA franchise loan for a Sign-A-Rama franchise in 2003. We've got all the details on this North Carolina small business loan.

SBA Loan Borrower

SIGN-A-RAMA
RALEIGH, NC 27604

SBA Loan Lender

SUNTRUST BANK
236 S MAIN ST
GRAHAM, NC 27253

This lender issued this bank loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541890 - Services Related to Advertising

Loan Approval Date

2/27/2003

Loan Approval Gross Amount

$90,000

Loan Approval from the SBA

Of the total $90,000 loan amount, the SBA guaranteed $76,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Sign-A-Rama franchise. At the time of the loan, the company had 3 employees. The SBA loan documents did not indicate that the business planned to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

We can help you find the best banks for small businesses in Raleigh or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

SIGN*A*RAMA

Equity Financing

SBA 7A Banks in Graham, North Carolina

SBA North Carolina Banks