Weymouth, MA Entrepreneur Gets SBA Loan to Buy Archadeck sell And Build Decks Franchise

Borrowing money to invest in an Archadeck sell And Build Decks franchise? South Shore Savings Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy an Archadeck sell And Build Decks franchise shouldn't be too tough. In 2003, South Shore Savings Bank issued an SBA franchise loan to an entrepreneur in Weymouth, Massachusetts. Because Archadeck sell And Build Decks was registered with the SBA's registry of franchises, this Massachusetts small business loan was issued on an expedited basis.

SBA Loan Borrower

ARCHADECK SOUTH SHORE
WEYMOUTH, MA 02188

SBA Loan Lender

SOUTH SHORE SAVINGS BANK
501 JOHN W MAHAR HWY
BRAINTREE, MA 02184

This lender issued this loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

1522 - General Contracting for Residential Buildings

NAICS Code

236118 - Residential Remodelers

Loan Approval Date

7/9/2003

Loan Approval Gross Amount

$295,000

Loan Approval from the SBA

Of the total $295,000 loan amount, the SBA guaranteed $221,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an Archadeck sell And Build Decks franchise. At the time of the loan, the company had 16 employees. The SBA loan documents did not indicate that the business planned to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Every year, the SBA guarantees over $10 billion for loans just like this one.

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 South Shore Savings Bank 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:

Archadeck

Obtaining Funding From a Venture Capitalist

SBA 7A Banks in Braintree, Massachusetts

SBA Lenders in Massachusetts