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May 7, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Highland Village, Business Loans > United Community Bank Highland Village Business Loans > Sport Clips Loan | ||||
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Denton, Texas Bank for SBA Loans
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Denton, TX Entrepreneur Gets SBA Loan to Buy Sports Clips FranchiseNeed a loan to purchase a Sports Clips franchise? United Community Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Denton, Texas needed money to invest in a Sports Clips franchise back in 2003. United Community Bank issued an SBA franchise loan. Here are the details on this Texas small business loan. SBA Loan Borrower SPORT CLIPS SBA Loan Lender UNITED COMMUNITY BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812111 - Barber Shops Loan Approval Date 12/4/2003 Loan Approval Gross Amount $129,000 Loan Approval from the SBA Of the total $129,000 loan amount, the SBA guaranteed $109,650. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Sports Clips franchise. At the time of the loan, the company had 6 employees. The loan application indicated that the borrowed money would help create 6 new jobs. Getting an SBA Loan For Your Business If you have been wondering how do i get money to start a business in Denton TX, you ought to talk with a local Denton SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Denton businesses. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. United Community Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, United Community Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: SBA Participating Banks in Highland Village, Texas
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