Happy State Bank Provides SBA Loan to Buy Paper Warehouse party Supplies Franchise

Need money to invest in a Paper Warehouse party Supplies franchise? Happy State Bank has a history of making these loans and they are guaranteed by the SBA.

Paper Warehouse party Supplies franchise loans are available to Amrillo, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Happy State Bank, based in Amarillo, Texas, issued an SBA franchise loan for a Paper Warehouse party Supplies franchise in 2000. We've got all the details on this Texas small business loan.

SBA Loan Borrower

PARTY UNIVERSE
AMRILLO, TX 79106

SBA Loan Lender

HAPPY STATE BANK
3423 SONCY RD, STE 1
AMARILLO, TX 79119

This loan for a small business was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5999 - Retail Stores

Loan Approval Date

5/30/2000

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $112,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Paper Warehouse party Supplies franchise. At the time of the loan, the company had 6 employees. The SBA loan documents did not indicate that the business planned 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?

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Happy State Bank 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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