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November 15, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Krum, Business Loans > First United Bank & Trust Krum Business Loans > Mr Rooter Loan | ||||
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Business Loans for Carrolton Small Business Owners
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Borrow Money to Buy a Mr. Rooter FranchiseBorrowing money to buy a Mr. Rooter franchise? First United Bank & Trust has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Carrolton, Texas needed money to invest in a Mr. Rooter franchise back in 2004. First United Bank & Trust issued an SBA franchise loan. Here are the details on this Texas small business loan. SBA Loan Borrower MR ROOTER SBA Loan Lender FIRST UNITED BANK & TRUST This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 238220 - Plumbing, Heating, and Air-Conditioning Contractors Loan Approval Date 4/21/2004 Loan Approval Gross Amount $20,000 Loan Approval from the SBA Of the total $20,000 loan amount, the SBA guaranteed $17,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Mr. Rooter franchise. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the business promised to use the funding to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business If you need money to start a business or already have a business and need money to expand, an SBA loan can be a great source of funding. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like First United Bank & Trust and they will explain how you can get an SBA loan for your company. 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: Who Lends Money to Small Businesses in Krum, Texas
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