Temecula Valley Bank Provides SBA Loan to Buy Pro Cuts Franchise
Borrowing money to invest in a Pro Cuts franchise? Temecula Valley Bank has a history of making these loans and they are guaranteed by the SBA.
An entrepreneur in Fairfield, Texas needed money to invest in a Pro Cuts franchise back in 2002. Temecula Valley Bank issued an SBA franchise loan. Here are the details on this Texas small business loan.
SBA Loan Borrower
FULLER PRO CUTS INC
FAIRFIELD, TX 75840
SBA Loan Lender
TEMECULA VALLEY BANK
27710 JEFFERSON AVE, A-100
TEMECULA, CA 92590
This lender issued this particular SBA loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
812111 - Barber Shops
Loan Approval Date
8/14/2002
Loan Approval Gross Amount
$136,400
Loan Approval from the SBA
Of the total $136,400 loan amount, the SBA guaranteed $115,940.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Pro Cuts franchise. At the time of the loan, the company
had 6 employees. The SBA loan documents did not indicate that the small business planned 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.
Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.
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:
Pro-Cuts
Raising Venture Capital
Where to Get an SBA Loan in Temecula, California
California SBA Bank Lenders