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April 26, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Seymour, Business Loans > Farmers National Bank - Seymour Seymour Business Loans > Images 4-Kids Loan | ||||
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SBA Lenders for Dallas, Texas Business Owners
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Texas Entrepreneur Secures Financing to Buy Images 4 Kids FranchiseBorrowing money to purchase an Images 4 Kids franchise? Farmers National Bank - Seymour has a history of making these loans and they are guaranteed by the SBA. If you live near Dallas, Texas and are interested in buying an Images 4 Kids franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2005 by Farmers National Bank - Seymour. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower IMAGES 4-KIDS SBA Loan Lender FARMERS NATIONAL BANK - SEYMOUR This lender issued this particular SBA loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 541921 - Photography Studios, Portrait Loan Approval Date 8/26/2005 Loan Approval Gross Amount $66,000 Loan Approval from the SBA Of the total $66,000 loan amount, the SBA guaranteed $56,100. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy an Images 4 Kids franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower did not indicate that the company planned to use the money to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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 Banks in Seymour, Texas
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