Borrow Money to Buy an Interim Services Franchise
Borrowing money to buy an Interim Services franchise? Business Lenders, LLC has a history of making these loans and they are guaranteed by the SBA.
An entrepreneur in Sacramento, California needed money to invest in an Interim Services franchise back in 2008. Business Lenders, LLC issued an SBA franchise loan. Here are the details on this California small business loan.
SBA Loan Borrower
INTERIM HEALTHCARE OF SACRAMEN
SACRAMENTO, CA 95821
SBA Loan Lender
BUSINESS LENDERS, LLC
50 STATE HOUSE SQUARE 5TH FL
HARTFORD, CT 06103
This lender provides SBA commercial 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
621610 - Home Health Care Services
Loan Approval Date
1/10/2008
Loan Approval Gross Amount
$1,600,000
Loan Approval from the SBA
Of the total $1,600,000 loan amount, the SBA guaranteed $1,200,000.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy an Interim Services franchise. At the time of the loan, the company
had 80 employees. The SBA loan application for the borrower indicated that the loan would help retain 80 existing jobs.
Getting an SBA Loan For Your Business
SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.
If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Business Lenders, LLC so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.
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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