Mcallen, TX Entrepreneur Gets SBA Loan to Buy Sign-A-Rama Franchise

Borrowing money to purchase a Sign-A-Rama franchise? Lone Star National Bank has a history of making these loans and they are guaranteed by the SBA.

Sign-A-Rama franchise loans are available to Mcallen, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Lone Star National Bank, based in Pharr, Texas, issued an SBA franchise loan for a Sign-A-Rama franchise in 2002. We've got all the details on this Texas small business loan.

SBA Loan Borrower

BORDER SIGN CO., INC.
MCALLEN, TX 78501

SBA Loan Lender

LONE STAR NATIONAL BANK
100 W FERGUSON
PHARR, TX 78577

This SBA business loan was issued under the SBA's Certified Lenders Program (CLP), which means that the lender has a successful SBA lending track record and a deep knowledge SBA lending rules and regulations.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3993 - Signs and Advertising Specialties

NAICS Code

541870 - Advertising Material Distribution Services

Loan Approval Date

10/31/2002

Loan Approval Gross Amount

$240,000

Loan Approval from the SBA

Of the total $240,000 loan amount, the SBA guaranteed $180,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Sign-A-Rama franchise. At the time of the loan, the company had 20 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees.

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

Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

We can help you find the best banks for small businesses in Mcallen or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

SIGN*A*RAMA

Getting a Small Business Loan

Good Banks for Small Business in Pharr, Texas

Texas SBA Banks