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November 14, 2024 |
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| Home > Small Business Lenders by State > Arizona Business Loan Sources > Truckee, Business Loans > Bank Of The West Truckee Business Loans > Handyman Connection Loan | ||||
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Where to Get a Bank Loan to Purchase a Franchise
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Bank Of The West Provides SBA Loan to Buy Handyman Connection FranchiseNeed a loan to buy a Handyman Connection franchise? Bank Of The West has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Scottsdale, Arizona needed money to invest in a Handyman Connection franchise back in 2001. Bank Of The West issued an SBA franchise loan. Here are the details on this Arizona small business loan. SBA Loan Borrower HANDYMAN CONNECTION SBA Loan Lender BANK OF THE WEST This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 233210 - Single Family Housing Construction Loan Approval Date 12/11/2001 Loan Approval Gross Amount $326,000 Loan Approval from the SBA Of the total $326,000 loan amount, the SBA guaranteed $244,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Handyman Connection franchise. At the time of the loan, the company had 35 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 37 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $326,000 loan. Remember, where there is a will, there is a way! 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: Banking Deregulation's Effects on Entrepreneurship Small Business Banks in Truckee, California
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