Massachusetts Entrepreneur Secures Financing to Buy Mcdonald's Franchise

Need a loan to invest in a Mcdonald's franchise? Bank Of America has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Mcdonald's franchise shouldn't be too tough. In 2002, Bank Of America issued an SBA franchise loan to an entrepreneur in West Boylston, Massachusetts. Because Mcdonald's was registered with the SBA's registry of franchises, this Massachusetts small business loan was issued on an expedited basis.

SBA Loan Borrower

MCDONALD'S OF WEST BOYLSTON
WEST BOYLSTON, MA 01583

SBA Loan Lender

BANK OF AMERICA
111 WESTMINSTER ST
PROVIDENCE, RI 02903

The lender provided this SBA loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

722110 - Full-Service Restaurants

Loan Approval Date

9/30/2002

Loan Approval Gross Amount

$60,000

Loan Approval from the SBA

Of the total $60,000 loan amount, the SBA guaranteed $30,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Mcdonald's franchise. At the time of the loan, the company had 39 employees. The loan application indicated that the loan would help retain 39 existing jobs.

Getting an SBA Loan For Your Business

If you have been wondering how do i get money to start a business in West Boylston MA, you ought to talk with a local West Boylston SBA lender or talk with an out-of-area SBA lender that has previously loaned money to West Boylston businesses.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Bank Of America so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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.

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