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April 20, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Hartford, Business Loans > Business Lenders, LLC Hartford Business Loans > Merlin's Muffler & Brake Loan | ||||
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How to Get SBA Loans in Carrollton, Texas
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Texas Entrepreneur Secures Financing to Buy Merlin's Muffler FranchiseNeed a loan to invest in a Merlin's Muffler franchise? Business Lenders, LLC has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Merlin's Muffler franchise requires some effort but others before you have been successful. In 2005, Business Lenders, LLC issued an SBA franchise loan to an entrepreneur in Carrollton, Texas. Because Merlin's Muffler was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis. SBA Loan Borrower MERLIN'S MUFFLER & BRAKE SBA Loan Lender BUSINESS LENDERS, LLC This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811112 - Automotive Exhaust System Repair Loan Approval Date 1/6/2005 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Merlin's Muffler franchise. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the business promised to use the money to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Business Lenders, LLC are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: Small Business Banks in Hartford, Connecticut
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