Loan to Buy Glass Doctor Franchise Issued By The Bank Of Clovis

Borrowing money to purchase a Glass Doctor franchise? The Bank Of Clovis has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Glass Doctor franchise? If so, here's a 2004 SBA franchise loan that you should know about. The Bank Of Clovis was the lender and the entrepreneur was based in Clovis, New Mexico.

SBA Loan Borrower

GLASS DOCTOR (THE)
CLOVIS, NM 88101

SBA Loan Lender

THE BANK OF CLOVIS
300 N MAIN ST
CLOVIS, NM 88101

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide commercial loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811122 - Automotive Glass Replacement Shops

Loan Approval Date

1/16/2004

Loan Approval Gross Amount

$87,000

Loan Approval from the SBA

Of the total $87,000 loan amount, the SBA guaranteed $73,950.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Glass Doctor franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees.

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

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like The Bank Of Clovis are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Glass Doctor

Obtaining Funding - How to Borrow Money

SBA 7A Banks in Clovis, New Mexico

New Mexico SBA 7A Banks