Tampa, FL Entrepreneur Gets SBA Loan to Buy Management Recruiters Franchise

Need money to buy a Management Recruiters franchise? Bank Of America has a history of making these loans and they are guaranteed by the SBA.

If you live near Tampa, Florida and are interested in buying a Management Recruiters franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2001 by Bank Of America. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

MANAGEMENT RECRUITERS OF HILLS
TAMPA, FL 33605

SBA Loan Lender

BANK OF AMERICA
100 N TRYON ST
CHARLOTTE, NC 28255

This lender processed this business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

561310 -

Loan Approval Date

12/7/2001

Loan Approval Gross Amount

$88,000

Loan Approval from the SBA

Of the total $88,000 loan amount, the SBA guaranteed $44,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Management Recruiters franchise. At the time of the loan, the company had 6 employees. This SBA loan request indicated that the loan would help generate 7 new jobs and retain 6 existing jobs.

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

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Management Recruiters International, Inc.

Getting a Small Business Loan

Best Banks in Charlotte, North Carolina

SBA Lenders in North Carolina