Loan to Buy Shred-It Franchise Issued By Td Banknorth

Borrowing money to buy a Shred-It franchise? Td Banknorth has a history of making these loans and they are guaranteed by the SBA.

Shred-It franchise loans are available to Wilbraham (census Name For Wil, Massachusetts entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Td Banknorth, based in Portland, Maine, issued an SBA franchise loan for a Shred-It franchise in 2003. We've got all the details on this Massachusetts small business loan.

SBA Loan Borrower

E O S APPROACH LLC
WILBRAHAM (CENSUS NAME FOR WIL, MA 01095

SBA Loan Lender

TD BANKNORTH
1 PORTLAND SQ
PORTLAND, ME 04101

The lender provided this bank 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

425110 - Business to Business Electronic Markets

Loan Approval Date

10/1/2003

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $75,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Shred-It franchise. At the time of the loan, the company had 3 employees. This SBA loan request indicated that the loan would help generate 6 new jobs and retain 9 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Td Banknorth are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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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