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May 6, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Irving, Business Loans > Citicapital Small Business Finance Irving Business Loans > T-Shirts Plus San Marcus Loan | ||||
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How Much Does It Cost to Buy a Franchise in San Marcos, Texas?
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San Marcos, TX Entrepreneur Gets SBA Loan to Buy T-Shirts Plus FranchiseNeed money to buy a T-Shirts Plus franchise? Citicapital Small Business Finance has a history of making these loans and they are guaranteed by the SBA. T-Shirts Plus franchise loans are available to San Marcos, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Citicapital Small Business Finance, based in Irving, Texas, issued an SBA franchise loan for a T-Shirts Plus franchise in 2000. We've got all the details on this Texas small business loan. SBA Loan Borrower T-SHIRTS PLUS SAN MARCUS SBA Loan Lender CITICAPITAL SMALL BUSINESS FINANCE Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 2389 - Apparel and Accessories Loan Approval Date 9/8/2000 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $80,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a T-Shirts Plus franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help generate 5 new jobs and retain 6 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Citicapital Small Business Finance and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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:
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