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December 20, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > West Palm Beach, Business Loans > Flagler Bank West Palm Beach Business Loans > Hometown Threads #128 Loan | ||||
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Royal Palm Beach, Florida Bank Loan
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Royal Palm Beach, FL Entrepreneur Gets SBA Loan to Buy Hometown Threads FranchiseNeed money to purchase a Hometown Threads franchise? Flagler Bank has a history of making these loans and they are guaranteed by the SBA. Hometown Threads franchise loans are available to Royal Palm Beach, Florida entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Flagler Bank, based in West Palm Beach, Florida, issued an SBA franchise loan for a Hometown Threads franchise in 2003. We've got all the details on this Florida small business loan. SBA Loan Borrower HOMETOWN THREADS #128 SBA Loan Lender FLAGLER BANK This SBA small business loan was issued by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a thorough analysis of the loan application and, in return, SBA promises a fast loan decision. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5949 - Sewing, Needlework, and Piece Goods Stores NAICS Code 451130 - Sewing, Needlework, and Piece Goods Stores Loan Approval Date 12/5/2003 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $112,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Hometown Threads franchise. At the time of the loan, the company had 5 employees. The SBA loan documents did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? 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. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $150,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Realistic Debt Financing Options Best West Palm Beach, Florida Banks for Small Business
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