Texas Entrepreneur Secures Financing to Buy Pump It Up Franchise
Borrowing money to buy a Pump It Up franchise? Southwest Bank has a history of making these loans and they are guaranteed by the SBA.
Want to borrow money to buy a Pump It Up franchise? If so, here's a 2004 SBA franchise loan that you should know about. Southwest Bank was the lender and the entrepreneur was based in Arlington, Texas.
SBA Loan Borrower
PUMP IT UP OF ARLINGTON
ARLINGTON, TX 76001
SBA Loan Lender
SOUTHWEST BANK
3737 SW LOOP 820
FORT WORTH, TX 76133
This lender provides SBA bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
713990 - Amusement and Recreation Industries
Loan Approval Date
1/21/2004
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 a new business. This loan was used to buy a Pump It Up franchise. At the time of the loan, the company
had 2 employees. The loan application indicated that the loan would help generate 7 new jobs and retain 2 existing jobs.
Start the Process for Getting an SBA Loan Today!
Every year, the SBA guarantees over $10 billion for loans just like this one.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Southwest Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).
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:
Pump It Up
Obtaining Funding - How to Borrow Money
Good Banks for Small Business in Fort Worth, Texas
SBA Texas Lenders