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April 26, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Irving, Business Loans > Citicapital Small Business Finance Irving Business Loans > One Hour Martinizing And Crest Loan | ||||
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Small Business Banks for Richardson Businesses
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Richardson, TX Entrepreneur Gets SBA Loan to Buy One-Hour Martinizing FranchiseNeed a loan to buy an One-Hour Martinizing franchise? Citicapital Small Business Finance has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Richardson, Texas needed money to invest in an One-Hour Martinizing franchise back in 2000. Citicapital Small Business Finance issued an SBA franchise loan. Here are the details on this Texas small business loan. SBA Loan Borrower ONE HOUR MARTINIZING AND CREST SBA Loan Lender CITICAPITAL SMALL BUSINESS FINANCE 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 7216 - Drycleaning Plants NAICS Code 812320 - Drycleaning and Laundry Services Loan Approval Date 7/19/2000 Loan Approval Gross Amount $444,000 Loan Approval from the SBA Of the total $444,000 loan amount, the SBA guaranteed $333,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy an One-Hour Martinizing franchise. At the time of the loan, the company had 10 employees. The loan application indicated that the loan would help retain 10 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Citicapital Small Business Finance and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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 Getting a Business Loan in Texas
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