Loan to Buy Hallmark Card Shop Franchise Issued By Woodforest National Bank

Borrowing money to buy a Hallmark Card Shop franchise? Woodforest National Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in The Woodlands, Texas needed money to invest in a Hallmark Card Shop franchise back in 2000. Woodforest National Bank issued an SBA franchise loan. Here are the details on this Texas small business loan.

SBA Loan Borrower

SHERYL'S CARDS & GIFTS
THE WOODLANDS, TX 77381

SBA Loan Lender

WOODFOREST NATIONAL BANK
7 SWITCHBUD PL, STE 198 C
THE WOODLANDS, TX 77380

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide bank loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5947 - Gift, Novelty, and Souvenir Shops

NAICS Code

453220 - Gift, Novelty, and Souvenir Stores

Loan Approval Date

8/11/2000

Loan Approval Gross Amount

$500,000

Loan Approval from the SBA

Of the total $500,000 loan amount, the SBA guaranteed $375,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Hallmark Card Shop franchise. At the time of the loan, the company had 47 employees. This SBA loan request did not indicate that the business planned to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are raising money in The Woodlands TX, you ought to talk with a local The Woodlands SBA lender or talk with an out-of-area SBA lender that has previously loaned money to The Woodlands businesses.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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:

Hallmark Card Shop

VC Firms on Twitter

Find an SBA Lender in The Woodlands, Texas

Getting an SBA Loan in Texas