Old Forge Bank Provides SBA Loan to Buy Candy Bouquet,Inc Franchise

Borrowing money to buy a Candy Bouquet,Inc franchise? Old Forge Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Candy Bouquet,Inc franchise may simply require a phone call to a local SBA banker. In 2000, Old Forge Bank issued an SBA franchise loan to an entrepreneur in Taylor, Pennsylvania. Because Candy Bouquet,Inc was registered with the SBA's registry of franchises, this Pennsylvania small business loan was issued on an expedited basis.

SBA Loan Borrower

CANDY BOUQUET
TAYLOR, PA 18517

SBA Loan Lender

OLD FORGE BANK
216 S MAIN ST
OLD FORGE, PA 18518

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5947 - Gift, Novelty, and Souvenir Shops

NAICS Code

453220 - Gift, Novelty, and Souvenir Stores

Loan Approval Date

6/14/2000

Loan Approval Gross Amount

$20,000

Loan Approval from the SBA

Of the total $20,000 loan amount, the SBA guaranteed $16,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Candy Bouquet,Inc franchise. At the time of the loan, the company had 4 employees. The loan application did not indicate that the small business promised to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Old Forge Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Candy Bouquet

Equity Financing

Small Business Banks in Old Forge, Pennsylvania

Pennsylvania SBA Banks