Severna Park, MD Entrepreneur Gets SBA Loan to Buy Arthur Murray Dance Studio Franchise

Borrowing money to purchase an Arthur Murray Dance Studio franchise? Manufacturers & Traders Trust has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Severna Park, Maryland needed money to invest in an Arthur Murray Dance Studio franchise back in 2003. Manufacturers & Traders Trust issued an SBA franchise loan. Here are the details on this Maryland small business loan.

SBA Loan Borrower

ARTHUR MURRAY DANCE STUDIO
SEVERNA PARK, MD 21146

SBA Loan Lender

MANUFACTURERS & TRADERS TRUST
305 W CHESAPEAKE AVE
TOWSON, MD 21204

This lender issued this particular commercial loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7922 - Theatrical Producers

NAICS Code

711120 - Dance Companies

Loan Approval Date

11/18/2003

Loan Approval Gross Amount

$136,390

Loan Approval from the SBA

Of the total $136,390 loan amount, the SBA guaranteed $115,931.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an Arthur Murray Dance Studio franchise. At the time of the loan, the company had 2 employees. The loan application did not indicate that the company planned to use the money to hire new 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.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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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