Borrow Money to Buy a Century 21 Franchise

Borrowing money to invest in a Century 21 franchise? Community Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Century 21 franchise? If so, here's a 2000 SBA franchise loan that you should know about. Community Bank was the lender and the entrepreneur was based in Burleson, Texas.

SBA Loan Borrower

CENTURY 21 A-ONE REALTY
BURLESON, TX 76028

SBA Loan Lender

COMMUNITY BANK
500 S MORGAN ST
GRANBURY, TX 76048

This lender issued this commercial loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

6531 - Real Estate Agents and Managers

NAICS Code

531210 - Real Estate Agents and Brokers

Loan Approval Date

5/16/2000

Loan Approval Gross Amount

$592,000

Loan Approval from the SBA

Of the total $592,000 loan amount, the SBA guaranteed $444,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Century 21 franchise. At the time of the loan, the company had 47 employees. The loan application did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

This SBA loan was for $592,000. How would you spend $592,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Century 21 Real Estate Corporation

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