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April 24, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Birmingham, Business Loans > Compass Bank Birmingham Business Loans > Pearle Vision Loan | ||||
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Banks for Franchise Loans in Texas
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Borrow Money to Buy a Pearle Vision Center FranchiseNeed money to buy a Pearle Vision Center franchise? Compass Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Euless, Texas needed money to invest in a Pearle Vision Center franchise back in 2002. Compass Bank issued an SBA franchise loan. Here are the details on this Texas small business loan. SBA Loan Borrower PEARLE VISION SBA Loan Lender COMPASS BANK This lender provides SBA bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 446130 - Optical Goods Stores Loan Approval Date 6/13/2002 Loan Approval Gross Amount $198,100 Loan Approval from the SBA Of the total $198,100 loan amount, the SBA guaranteed $148,575. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Pearle Vision Center franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 2 existing jobs. Great, But How Can I Get an SBA Loan for My Business? Don't forget. To get an SBA loan, you must 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. This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Raising VC Money for Social Networking Companies Best Banks for Small Business in Birmingham, Alabama
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