Loan to Buy Pro Golf Franchise Issued By Commerce Bank
Borrowing money to purchase a Pro Golf franchise? Commerce Bank has a history of making these loans and they are guaranteed by the SBA.
Getting money to buy a Pro Golf franchise shouldn't be overly burdensome. In 2006, Commerce Bank issued an SBA franchise loan to an entrepreneur in Tampa, Florida. Because Pro Golf was registered with the SBA's registry of franchises, this Florida small business loan was issued on an expedited basis.
SBA Loan Borrower
PRO GOLF OF PASCO
TAMPA, FL 33609
SBA Loan Lender
COMMERCE BANK
1 ROYAL RD
FLEMINGTON, NJ 08822
This lender provides SBA business 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
3/6/2006
Loan Approval Gross Amount
$394,000
Loan Approval from the SBA
Of the total $394,000 loan amount, the SBA guaranteed $295,500.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Pro Golf franchise. At the time of the loan, the company
had 2 employees. This SBA loan request indicated that the loan would help generate 3 new jobs and retain 2 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.
Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $394,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?
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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