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May 1, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Irving, Business Loans > Independent Bank Of Texas Irving Business Loans > Velocity Sports Performance Loan | ||||
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Tips for Financing a Franchise
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Texas Entrepreneur Secures Financing to Buy Velocity Sports Performance FranchiseBorrowing money to buy a Velocity Sports Performance franchise? Independent Bank Of Texas has a history of making these loans and they are guaranteed by the SBA. If you live near Coppell, Texas and are interested in buying a Velocity Sports Performance franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2004 by Independent Bank Of Texas. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower VELOCITY SPORTS PERFORMANCE SBA Loan Lender INDEPENDENT BANK OF TEXAS SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7999 - Amusement and Recreation Services NAICS Code 611620 - Sports and Recreation Instruction Loan Approval Date 2/13/2004 Loan Approval Gross Amount $327,600 Loan Approval from the SBA Of the total $327,600 loan amount, the SBA guaranteed $245,700. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Velocity Sports Performance franchise. At the time of the loan, the company had 6 employees. This SBA loan request did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Many small businesses receive loans backed by the U.S. Small Business Administration. This SBA loan was for $327,600. How would you spend $327,600 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Accountant's Role in Securing Financing SBA 7A Lenders in Irving, Texas
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