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April 26, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Wichita Falls, Business Loans > Citibank Wichita Falls Business Loans > Hobby Town Usa Loan | ||||
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SBA Franchise Financing Lender Wichita Falls Texas
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Wichita Falls, TX Entrepreneur Gets SBA Loan to Buy Hobbytown Usa FranchiseNeed money to buy a Hobbytown Usa franchise? Citibank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Hobbytown Usa franchise? If so, here's a 2002 SBA franchise loan that you should know about. Citibank was the lender and the entrepreneur was based in Wichita Falls, Texas. SBA Loan Borrower HOBBY TOWN USA SBA Loan Lender CITIBANK This lender issued this particular business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 451120 - Hobby, Toy, and Game Stores Loan Approval Date 2/28/2002 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Hobbytown Usa franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $150,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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 SBA Banks in Wichita Falls, Texas
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