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April 25, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Henderson, Business Loans > Washington Mutual Bank Henderson Business Loans > Fuzzy's Beaumon Fuzzy's Orange Loan | ||||
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Where to Get a Business Loan to Purchase a Franchise
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Orange, TX Entrepreneur Gets SBA Loan to Buy Exxon FranchiseNeed a loan to buy an Exxon franchise? Washington Mutual Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy an Exxon franchise is doable. In 2000, Washington Mutual Bank issued an SBA franchise loan to an entrepreneur in Orange, Texas. Because Exxon was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis. SBA Loan Borrower FUZZY'S BEAUMON FUZZY'S ORANGE SBA Loan Lender WASHINGTON MUTUAL 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. SIC Code 5541 - Gasoline Service Stations Loan Approval Date 8/14/2000 Loan Approval Gross Amount $540,000 Loan Approval from the SBA Of the total $540,000 loan amount, the SBA guaranteed $340,794. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy an Exxon franchise. At the time of the loan, the company had 6 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 4 existing jobs. Great, But How Can I Get an SBA Loan for My Business? 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. This SBA loan was for $540,000. How would you spend $540,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Where to Get an SBA Loan in Henderson, Nevada
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