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April 25, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Houston, Business Loans > Amegy Bank Houston Business Loans > Christian Brothers Automotive Loan | ||||
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Where Can I Find Franchise Loans in Cedar Hill, Texas?
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Texas Entrepreneur Secures Financing to Buy Christian Brothers Automotive FranchiseNeed money to buy a Christian Brothers Automotive franchise? Amegy Bank has a history of making these loans and they are guaranteed by the SBA. Christian Brothers Automotive franchise loans are available to Cedar Hill, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Amegy Bank, based in Houston, Texas, issued an SBA franchise loan for a Christian Brothers Automotive franchise in 2004. We've got all the details on this Texas small business loan. SBA Loan Borrower CHRISTIAN BROTHERS AUTOMOTIVE SBA Loan Lender AMEGY BANK This lender issued this bank loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7538 - General Automotive Repair Shops NAICS Code 811111 - General Automotive Repair Loan Approval Date 5/28/2004 Loan Approval Gross Amount $224,000 Loan Approval from the SBA Of the total $224,000 loan amount, the SBA guaranteed $168,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Christian Brothers Automotive franchise. At the time of the loan, the company had 4 employees. This SBA loan request did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Don't apply for a loan directly with the SBA. You need to 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. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Amegy Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Amegy Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: SBA 7A Lenders in Houston, Texas Where to Get an SBA Loan Texas
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