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April 19, 2024  
 
 
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Where to Get an SBA 7A Loan to Purchase a Franchise

 

 
Loan Census SBA Loan Info

Borrow Money to Buy a T-Shirts Plus Franchise

Need a loan to buy a T-Shirts Plus franchise? Bank Of The West has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a T-Shirts Plus franchise shouldn't be overly burdensome. In 2002, Bank Of The West issued an SBA franchise loan to an entrepreneur in Tempe, Arizona. Because T-Shirts Plus was registered with the SBA's registry of franchises, this Arizona small business loan was issued on an expedited basis.

SBA Loan Borrower

T-SHIRTS PLUS
TEMPE, AZ 85282

SBA Loan Lender

BANK OF THE WEST
10181 TRUCKEE TAHOE AIRPORT R
TRUCKEE, CA 96161

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

448110 - Men's Clothing Stores

Loan Approval Date

2/28/2002

Loan Approval Gross Amount

$340,700

Loan Approval from the SBA

Of the total $340,700 loan amount, the SBA guaranteed $255,525.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a T-Shirts Plus franchise. At the time of the loan, the company had 4 employees. The SBA loan documents indicated that the loan would help retain 4 existing jobs.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

This SBA loan was for $340,700. How would you spend $340,700 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.

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