Florida Entrepreneur Secures Financing to Buy Image Arts Etc. Franchise

Need a loan to invest in an Image Arts Etc. franchise? Colonial Bank has a history of making these loans and they are guaranteed by the SBA.

Image Arts Etc. franchise loans are available to Sarasota, Florida entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Colonial Bank, based in Sarasota, Florida, issued an SBA franchise loan for an Image Arts Etc. franchise in 2003. We've got all the details on this Florida small business loan.

SBA Loan Borrower

ARTFUL IMAGES & MORE
SARASOTA, FL 34202

SBA Loan Lender

COLONIAL BANK
2 N TAMIAMI TRL, STE 100
SARASOTA, FL 34236

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7221 - Photographic Studios, Portrait

NAICS Code

541921 - Photography Studios, Portrait

Loan Approval Date

3/26/2003

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Image Arts Etc. franchise. At the time of the loan, the company had 4 employees. This SBA loan request did not indicate that the business promised to use the money to add employees or retain any existing employees.

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

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Colonial Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Image Arts, Etc.

Business Credit Evaluation

SBA Approved Banks in Sarasota, Florida

Find an SBA Lender in Florida