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April 25, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Friendswood, Business Loans > Texas First Bank Santa Fe Friendswood Business Loans > Christian Brothers Automotive Loan | ||||
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Advice for Financing a Franchise
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Texas First Bank Santa Fe Provides SBA Loan to Buy Christian Brothers Automotive FranchiseNeed money to purchase a Christian Brothers Automotive franchise? Texas First Bank Santa Fe has a history of making these loans and they are guaranteed by the SBA. Christian Brothers Automotive franchise loans are available to Houston, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Texas First Bank Santa Fe, based in Friendswood, Texas, issued an SBA franchise loan for a Christian Brothers Automotive franchise in 2004. We've got all the details on this Texas small business loan. SBA Loan Borrower CHRISTIAN BROTHERS AUTOMOTIVE SBA Loan Lender TEXAS FIRST BANK SANTA FE This loan 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 7538 - General Automotive Repair Shops NAICS Code 811111 - General Automotive Repair Loan Approval Date 4/8/2004 Loan Approval Gross Amount $235,000 Loan Approval from the SBA Of the total $235,000 loan amount, the SBA guaranteed $176,250. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Christian Brothers Automotive franchise. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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 7A Lenders in Friendswood, Texas
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