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April 29, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Mcallen, Business Loans > Texas State Bank Mcallen Business Loans > C.I. & Associates, Inc. Loan | ||||
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Requirements for Borrowing Money to Buy a Franchise
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Brownsville, TX Entrepreneur Gets SBA Loan to Buy Petland FranchiseNeed a loan to invest in a Petland franchise? Texas State Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Brownsville, Texas needed money to invest in a Petland franchise back in 2003. Texas State Bank issued an SBA franchise loan. Here are the details on this Texas small business loan. SBA Loan Borrower C.I. & ASSOCIATES, INC. SBA Loan Lender TEXAS STATE BANK This business loan was issued under the SBA's Certified Lenders Program (CLP), which means that this lending institution has a successful SBA lending background and a deep knowledge SBA policies and procedures. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 453910 - Pet and Pet Supplies Stores Loan Approval Date 2/6/2003 Loan Approval Gross Amount $405,398 Loan Approval from the SBA Of the total $405,398 loan amount, the SBA guaranteed $304,049. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Petland franchise. At the time of the loan, the company had 20 employees. This SBA loan request indicated that the funding would help create 20 new jobs. 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. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Texas State Bank and they will explain how you can get an SBA loan for your company. 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: Where to Get an SBA Loan in Mcallen, Texas
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