Amer National Bank - Texas Provides SBA Loan to Buy Sports Clips Franchise

Borrowing money to buy a Sports Clips franchise? Amer National Bank - Texas has a history of making these loans and they are guaranteed by the SBA.

If you live near Forney, Texas and are interested in buying a Sports Clips franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2007 by Amer National Bank - Texas. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

SPORTS CLIPS
FORNEY, TX 75089

SBA Loan Lender

AMER NATIONAL BANK - TEXAS
102 W MOORE
TERRELL, TX 75160

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812112 - Beauty Salons

Loan Approval Date

11/20/2007

Loan Approval Gross Amount

$140,000

Loan Approval from the SBA

Of the total $140,000 loan amount, the SBA guaranteed $119,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Sports Clips franchise. At the time of the loan, the company had 18 employees. This SBA loan request indicated that the funding would help generate 6 new jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you are raising money in Forney TX, you ought to talk with a local Forney SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Forney businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Amer National Bank - Texas are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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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