Loan Census Banking News and Information
April 24, 2024  
 
 
  Business Loan Information  
 

Small Business Banks for Sugarland Small Business Owners

 

 
Loan Census SBA Loan Info

Omnibank, National Association Provides SBA Loan to Buy Snip-Its Franchise

Need a loan to buy a Snip-Its franchise? Omnibank, National Association has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Snip-Its franchise? If so, here's a 2008 SBA franchise loan that you should know about. Omnibank, National Association was the lender and the entrepreneur was based in Sugarland, Texas.

SBA Loan Borrower

SNIP-ITS KIDS. HAIRCUTS. PARTI
SUGARLAND, TX 77478

SBA Loan Lender

OMNIBANK, NATIONAL ASSOCIATION
397 N SAM HOUSTON PKWY EAST
HOUSTON, TX 77060

This lender issued this loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812111 - Barber Shops

Loan Approval Date

1/14/2008

Loan Approval Gross Amount

$254,200

Loan Approval from the SBA

Of the total $254,200 loan amount, the SBA guaranteed $190,650.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Snip-Its franchise. At the time of the loan, the company had 9 employees. This SBA loan request indicated that the loan would help generate 7 new jobs and retain 2 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

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:

Snip-Its

How to Raise Money

Best Houston, Texas Banks for Small Business

Find an SBA Lender in Texas