Borrow Money to Buy a Golf U.S.A. retail Golf Equip. Franchise

Need a loan to purchase a Golf U.S.A. retail Golf Equip. franchise? Commerce Bank has a history of making these loans and they are guaranteed by the SBA.

Golf U.S.A. retail Golf Equip. franchise loans are available to St. Johns, Florida entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Commerce Bank, based in Flemington, New Jersey, issued an SBA franchise loan for a Golf U.S.A. retail Golf Equip. franchise in 2007. We've got all the details on this Florida small business loan.

SBA Loan Borrower

GOLF USA
St. Johns, FL 32259

SBA Loan Lender

COMMERCE BANK
1 ROYAL RD
FLEMINGTON, NJ 08822

This lender provides SBA bank 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

451110 - Sporting Goods Stores

Loan Approval Date

9/24/2007

Loan Approval Gross Amount

$272,000

Loan Approval from the SBA

Of the total $272,000 loan amount, the SBA guaranteed $204,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Golf U.S.A. retail Golf Equip. franchise. At the time of the loan, the company had no employees. The SBA loan application for the borrower indicated that the funding would help generate 2 new 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.

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.

Related Links:

GOLF USA Inc.

Obtaining Funding From a Venture Capitalist

Small Bank Loans in Flemington, New Jersey

Getting an SBA Loan in New Jersey