Ardmore, OK Entrepreneur Gets SBA Loan to Buy Ace Cash Express Franchise

Need a loan to invest in an Ace Cash Express franchise? First United Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

If you live near Ardmore, Oklahoma and are interested in buying an Ace Cash Express franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2005 by First United Bank & Trust. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

ACE CASH EXPRESS OF ARDMORE OK
ARDMORE, OK 73401

SBA Loan Lender

FIRST UNITED BANK & TRUST
1700 REDBUD BLVD, STE 130
MCKINNEY, TX 75090

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

522390 - Activities Related to Credit Intermediation

Loan Approval Date

10/19/2005

Loan Approval Gross Amount

$70,000

Loan Approval from the SBA

Of the total $70,000 loan amount, the SBA guaranteed $52,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Ace Cash Express franchise. At the time of the loan, the company had 3 employees. The loan application did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are wondering how to find money to start a business or need money for an existing business, an SBA loan can be a great source of funding.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

ACE Cash Express, Inc.

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SBA Banks in Mckinney, Texas

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