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April 19, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > La Mesa, Business Loans > Borrego Springs Bank La Mesa Business Loans > Geeks On Call Loan | ||||
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SBA Lenders for Duncanville, Texas Small Business Owners
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Texas Entrepreneur Secures Financing to Buy Geeks On Call FranchiseBorrowing money to purchase a Geeks On Call franchise? Borrego Springs Bank has a history of making these loans and they are guaranteed by the SBA. If you live near Duncanville, Texas and are interested in buying a Geeks On Call franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2003 by Borrego Springs Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower GEEKS ON CALL SBA Loan Lender BORREGO SPRINGS BANK This SBA business loan was provided by financing institution with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan requests to the SBA get more expeditious service from the SBA on their loan applications. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7379 - Computer Related Services NAICS Code 541519 - Computer Related Services Loan Approval Date 10/23/2003 Loan Approval Gross Amount $46,000 Loan Approval from the SBA Of the total $46,000 loan amount, the SBA guaranteed $39,100. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Geeks On Call 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 funding to increase staffing levels 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. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Borrego Springs Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Borrego Springs 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: Small Bank Loans in La Mesa, California
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