Bryan, TX Entrepreneur Gets SBA Loan to Buy Steamatic Franchise

Need a loan to purchase a Steamatic franchise? Prosperity Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Steamatic franchise shouldn't be too tough. In 2001, Prosperity Bank issued an SBA franchise loan to an entrepreneur in Bryan, Texas. Because Steamatic was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis.

SBA Loan Borrower

STEAMATIC OF BRAZOS VALLEY
BRYAN, TX 77807

SBA Loan Lender

PROSPERITY BANK
2900 TEXAS AVE
BRYAN, TX 77802

This lender issued this particular SBA 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

811490 - Personal and Household Goods Repair and Maintenance

Loan Approval Date

1/31/2001

Loan Approval Gross Amount

$70,000

Loan Approval from the SBA

Of the total $70,000 loan amount, the SBA guaranteed $59,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Steamatic franchise. At the time of the loan, the company had 6 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the funding to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you have been wondering how do i get money to start a business in Bryan TX, you ought to talk with a local Bryan SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Bryan businesses.

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:

Steamatic, Inc.

Strategic Investors

SBA 7A Banks in Bryan, Texas

SBA Lenders in Texas