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May 13, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > New Orleans, Business Loans > Whitney National Bank New Orleans Business Loans > Servpro Of Spring Tomball Loan | ||||
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Tips for Borrowing Money to Buy a Franchise
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Whitney National Bank Provides SBA Loan to Buy Servpro FranchiseNeed a loan to purchase a Servpro franchise? Whitney National Bank has a history of making these loans and they are guaranteed by the SBA. Servpro franchise loans are available to Spring, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Whitney National Bank, based in New Orleans, Louisiana, issued an SBA franchise loan for a Servpro franchise in 2003. We've got all the details on this Texas small business loan. SBA Loan Borrower SERVPRO OF SPRING TOMBALL SBA Loan Lender WHITNEY NATIONAL BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide bank loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7217 - Carpet and Upholstery Cleaning NAICS Code 561740 - Carpet and Upholstery Cleaning Services Loan Approval Date 10/24/2003 Loan Approval Gross Amount $120,000 Loan Approval from the SBA Of the total $120,000 loan amount, the SBA guaranteed $102,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Servpro franchise. At the time of the loan, the company had 5 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Whitney National Bank and they will explain how you can get an SBA loan for your company. 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: Borrowing Money from Friends and Family SBA Approved Banks in New Orleans, Louisiana
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