Orlando National Bank Provides SBA Loan to Buy Sign-A-Rama Franchise
Need money to invest in a Sign-A-Rama franchise? Orlando National Bank has a history of making these loans and they are guaranteed by the SBA.
If you live near Winter Park, Florida and are interested in buying a Sign-A-Rama franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2000 by Orlando National Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.
SBA Loan Borrower
SIGN A RAMA
WINTER PARK, FL 32792
SBA Loan Lender
ORLANDO NATIONAL BANK
502 N HWY 17-92
LONGWOOD, FL 32750
This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with appliying for an SBA loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
7319 - Advertising
Loan Approval Date
6/5/2000
Loan Approval Gross Amount
$116,000
Loan Approval from the SBA
Of the total $116,000 loan amount, the SBA guaranteed $87,000.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Sign-A-Rama franchise. At the time of the loan, the company
had 3 employees. This SBA loan request did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
Many small businesses receive loans backed by the U.S. Small Business Administration.
We can help you find the best banks for small businesses in Winter Park or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.
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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