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April 24, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Dallas, Business Loans > Amer Business Lending Inc. Dallas Business Loans > Hometown Threads Northwest Loan | ||||
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Business Loans for Houston Small Businesses
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Houston, TX Entrepreneur Gets SBA Loan to Buy Hometown Threads FranchiseNeed a loan to buy a Hometown Threads franchise? Amer Business Lending Inc. has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Hometown Threads franchise is doable. In 2003, Amer Business Lending Inc. issued an SBA franchise loan to an entrepreneur in Houston, Texas. Because Hometown Threads was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis. SBA Loan Borrower HOMETOWN THREADS NORTHWEST SBA Loan Lender AMER BUSINESS LENDING INC. This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811412 - Appliance Repair and Maintenance Loan Approval Date 9/30/2003 Loan Approval Gross Amount $119,600 Loan Approval from the SBA Of the total $119,600 loan amount, the SBA guaranteed $101,660. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Hometown Threads 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 funding to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! 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 business money, the SBA has special programs for you. We've put a spotlight on this loan from Amer Business Lending Inc. 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:
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