Dallas, TX Entrepreneur Gets SBA Loan to Buy Pump It Up Franchise
Need a loan to invest in a Pump It Up franchise? First National Bank Of Omaha has a history of making these loans and they are guaranteed by the SBA.
An entrepreneur in Dallas, Texas needed money to invest in a Pump It Up franchise back in 2004. First National Bank Of Omaha issued an SBA franchise loan. Here are the details on this Texas small business loan.
SBA Loan Borrower
PUMP IT UP
DALLAS, TX 75287
SBA Loan Lender
FIRST NATIONAL BANK OF OMAHA
1620 DODGE ST
OMAHA, NE 68197
The lender provided this loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
713990 - Amusement and Recreation Industries
Loan Approval Date
12/15/2004
Loan Approval Gross Amount
$190,000
Loan Approval from the SBA
Of the total $190,000 loan amount, the SBA guaranteed $95,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was used to buy a Pump It Up franchise. At the time of the loan, the company
had 20 employees. This SBA loan request indicated that the loan would help generate 10 new jobs and retain 20 existing jobs.
Getting an SBA Loan For Your Business
SBA loans provide money to small business owners for working capital for other expenses.
While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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:
Pump It Up
Financing Your Business
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Nebraska SBA 7A Lenders