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April 29, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Dallas, Business Loans > Bank - Texas Dallas Business Loans > Mr. Handyman Loan | ||||
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SBA 7A Banks for Lewisville, Texas Business Owners
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Lewisville, TX Entrepreneur Gets SBA Loan to Buy Mr. Handyman FranchiseBorrowing money to buy a Mr. Handyman franchise? Bank - Texas has a history of making these loans and they are guaranteed by the SBA. Mr. Handyman franchise loans are available to Lewisville, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Bank - Texas, based in Dallas, Texas, issued an SBA franchise loan for a Mr. Handyman franchise in 2005. We've got all the details on this Texas small business loan. SBA Loan Borrower MR. HANDYMAN SBA Loan Lender BANK - TEXAS This was a Low Documentation SBA loan. The SBA started this program to limit the paperwork associated with appliying for an SBA loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811490 - Personal and Household Goods Repair and Maintenance Loan Approval Date 2/4/2005 Loan Approval Gross Amount $94,800 Loan Approval from the SBA Of the total $94,800 loan amount, the SBA guaranteed $80,580. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Mr. Handyman franchise. At the time of the loan, the company had 3 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the money to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan 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. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Obtaining Funding From a Venture Capitalist SBA Approved Banks in Dallas, Texas Where to Get an SBA Loan Texas
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