Loan to Buy California Closet closet Organizer Franchise Issued By First National Bank - Mid-Cities

Need a loan to invest in a California Closet closet Organizer franchise? First National Bank - Mid-Cities has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a California Closet closet Organizer franchise? If so, here's a 2003 SBA franchise loan that you should know about. First National Bank - Mid-Cities was the lender and the entrepreneur was based in Dallas, Texas.

SBA Loan Borrower

CALIFORNIA CLOSETS
DALLAS, TX 75220

SBA Loan Lender

FIRST NATIONAL BANK - MID-CITIES
4009 AIRPORT FRWY
BEDFORD, TX 76021

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide business loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2521 - Wood Office Furniture

NAICS Code

337211 - Wood Office Furniture Manufacturing

Loan Approval Date

1/6/2003

Loan Approval Gross Amount

$440,000

Loan Approval from the SBA

Of the total $440,000 loan amount, the SBA guaranteed $330,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a California Closet closet Organizer franchise. At the time of the loan, the company had 17 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

California Closet Company, Inc.

Realistic Debt Financing Options

Small Bank Loans in Bedford, Texas

Where to Get an SBA Loan Texas