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April 24, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Del Rio, Business Loans > The Laredo National Bank Del Rio Business Loans > Argon, Inc. Loan | ||||
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Mcallen, Texas Bank Loan
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The Laredo National Bank Provides SBA Loan to Buy Precision Tune FranchiseNeed a loan to invest in a Precision Tune franchise? The Laredo National Bank has a history of making these loans and they are guaranteed by the SBA. If you live near Mcallen, Texas and are interested in buying a Precision Tune franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2000 by The Laredo National Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower ARGON, INC. SBA Loan Lender THE LAREDO NATIONAL BANK This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5541 - Gasoline Service Stations Loan Approval Date 1/4/2000 Loan Approval Gross Amount $420,000 Loan Approval from the SBA Of the total $420,000 loan amount, the SBA guaranteed $315,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Precision Tune franchise. At the time of the loan, the company had 37 employees. This SBA loan request indicated that the loan would help generate 31 new jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Find an SBA Lender in Del Rio, Texas
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