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May 9, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Creve Coeur, Business Loans > First Bank Creve Coeur Business Loans > Sports Clips Loan | ||||
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First Bank SBA Franchise Loans
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Borrow Money to Buy a Sports Clips FranchiseBorrowing money to buy a Sports Clips franchise? First Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Cypress, Texas needed money to invest in a Sports Clips franchise back in 2006. First Bank issued an SBA franchise loan. Here are the details on this Texas small business loan. SBA Loan Borrower SPORTS CLIPS SBA Loan Lender FIRST BANK The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide business loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812111 - Barber Shops Loan Approval Date 6/21/2006 Loan Approval Gross Amount $130,400 Loan Approval from the SBA Of the total $130,400 loan amount, the SBA guaranteed $110,840. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Sports Clips franchise. At the time of the loan, the company had 10 employees. This SBA loan request did not indicate that the SBA funding recipient 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? SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from First Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Family and Friend Investors - Your First Financiers Best Banks in Creve Coeur, Missouri
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