Lehman Brothers Bank, Fsb Provides SBA Loan to Buy United Check Cashing,Inc. Franchise

Borrowing money to purchase an United Check Cashing,Inc. franchise? Lehman Brothers Bank, Fsb has a history of making these loans and they are guaranteed by the SBA.

United Check Cashing,Inc. franchise loans are available to Duncanville, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Lehman Brothers Bank, Fsb, based in Boston, Massachusetts, issued an SBA franchise loan for an United Check Cashing,Inc. franchise in 2001. We've got all the details on this Texas small business loan.

SBA Loan Borrower

UNITED CHECK CASHING
DUNCANVILLE, TX 75138

SBA Loan Lender

LEHMAN BROTHERS BANK, FSB
101 SUMMER ST
BOSTON, MA 02110

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

522320 - Financial Transactions Processing, Reserve, and Clearinghouse Activities

Loan Approval Date

7/25/2001

Loan Approval Gross Amount

$270,000

Loan Approval from the SBA

Of the total $270,000 loan amount, the SBA guaranteed $202,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an United Check Cashing,Inc. franchise. At the time of the loan, the company had 3 employees. The SBA loan documents indicated that the loan would help generate 3 new jobs and retain 3 existing jobs.

Start the Process for Getting an SBA Loan Today!

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.

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:

Attracting Investors

SBA 7A Banks in Boston, Massachusetts

Massachusetts SBA Bank Lenders