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April 24, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Garland, Business Loans > United Central Bank Garland Business Loans > Hometown Threads Loan | ||||
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How to Get SBA Loans in Rockwell, Texas
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Rockwell, TX Entrepreneur Gets SBA Loan to Buy Hometown Threads FranchiseBorrowing money to buy a Hometown Threads franchise? United Central Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Rockwell, Texas needed money to invest in a Hometown Threads franchise back in 2003. United Central Bank issued an SBA franchise loan. Here are the details on this Texas small business loan. SBA Loan Borrower HOMETOWN THREADS SBA Loan Lender UNITED CENTRAL BANK This was a Low Documentation SBA loan. The SBA started this program to reduce the paperwork associated with appliying for an SBA loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 451130 - Sewing, Needlework, and Piece Goods Stores Loan Approval Date 6/24/2003 Loan Approval Gross Amount $113,600 Loan Approval from the SBA Of the total $113,600 loan amount, the SBA guaranteed $96,560. 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 2 employees. The loan application did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide money to small business owners for working capital for other expenses. If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from United Central Bank 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: Browse All Business Loan Sources for Texas
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