Loan Census Banking News and Information
April 26, 2024  
 
 
  Business Loan Information  
 

I Need a Small Business Loan to Buy a Franchise in Houston, Texas

 

 
Loan Census SBA Loan Info

Borrow Money to Buy a Pump It Up Franchise

Need money to purchase a Pump It Up franchise? Amegy Bank has a history of making these loans and they are guaranteed by the SBA.

Pump It Up franchise loans are available to Houston, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Amegy Bank, based in Houston, Texas, issued an SBA franchise loan for a Pump It Up franchise in 2005. We've got all the details on this Texas small business loan.

SBA Loan Borrower

PUMP IT UP EAST HOUSTON
HOUSTON, TX 77025

SBA Loan Lender

AMEGY BANK
4400 POST OAK PKWY
HOUSTON, TX 77027

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812990 - Personal Services

Loan Approval Date

12/22/2005

Loan Approval Gross Amount

$360,000

Loan Approval from the SBA

Of the total $360,000 loan amount, the SBA guaranteed $270,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Pump It Up franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help create 5 new jobs.

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.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you want money to buy a franchise? 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:

Pump It Up

How Equity Dilution Works

Where to Get an SBA Loan in Houston, Texas

Texas SBA 7A Banks