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April 26, 2024 |
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| Home > Small Business Lenders by State > Maryland Business Loan Sources > Bethesda, Business Loans > Eaglebank Bethesda Business Loans > Direct Buy Of Metro Washington Loan | ||||
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I Need an SBA Loan to Buy a Franchise in Gaithersburg, Maryland
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Borrow Money to Buy an Ucc Total Home FranchiseNeed money to buy an Ucc Total Home franchise? Eaglebank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Gaithersburg, Maryland needed money to invest in an Ucc Total Home franchise back in 2004. Eaglebank issued an SBA franchise loan. Here are the details on this Maryland small business loan. SBA Loan Borrower DIRECT BUY OF METRO WASHINGTON SBA Loan Lender EAGLEBANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 442110 - Furniture Stores Loan Approval Date 11/17/2004 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy an Ucc Total Home franchise. At the time of the loan, the company had 15 employees. The SBA loan documents did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Small Bank Loans in Bethesda, Maryland
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