Branch Bank & Trust Provides SBA Loan to Buy Moto Photo Franchise

Borrowing money to buy a Moto Photo franchise? Branch Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Moto Photo franchise? If so, here's a 2001 SBA franchise loan that you should know about. Branch Bank & Trust was the lender and the entrepreneur was based in Washington, District of Columbia.

SBA Loan Borrower

MOTO PHOTO
WASHINGTON, DC 20016

SBA Loan Lender

BRANCH BANK & TRUST
4719 HAMPDEN LN
BETHESDA, MD 20814

This lender issued this particular bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7221 - Photographic Studios, Portrait

NAICS Code

541921 - Photography Studios, Portrait

Loan Approval Date

2/16/2001

Loan Approval Gross Amount

$146,000

Loan Approval from the SBA

Of the total $146,000 loan amount, the SBA guaranteed $124,100.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Moto Photo franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Branch Bank & Trust and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

MotoPhoto

SBIR Funding

SBA Approved Banks in Bethesda, Maryland

Getting an SBA Loan in Maryland