Loan to Buy Driveway Impressions Franchise Issued By Univest National Bank & Trust.

Need money to purchase a Driveway Impressions franchise? Univest National Bank & Trust. has a history of making these loans and they are guaranteed by the SBA.

Driveway Impressions franchise loans are available to Souderton, Pennsylvania entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Univest National Bank & Trust., based in Souderton, Pennsylvania, issued an SBA franchise loan for a Driveway Impressions franchise in 2005. We've got all the details on this Pennsylvania small business loan.

SBA Loan Borrower

MASTER EXTERIOR DESIGNS INC
SOUDERTON, PA 18964

SBA Loan Lender

UNIVEST NATIONAL BANK & TRUST.
10 W BROAD ST
SOUDERTON, PA 18964

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

238990 - Specialty Trade Contractors

Loan Approval Date

3/2/2005

Loan Approval Gross Amount

$232,100

Loan Approval from the SBA

Of the total $232,100 loan amount, the SBA guaranteed $174,075.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Driveway Impressions franchise. At the time of the loan, the company had 4 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 6 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.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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:

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SBA 7A Banks in Souderton, Pennsylvania

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