Loan to Buy Christian Brothers Automotive Franchise Issued By First Bank

Borrowing money to invest in a Christian Brothers Automotive franchise? First Bank has a history of making these loans and they are guaranteed by the SBA.

Christian Brothers Automotive franchise loans are available to Flower Mound, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, First Bank, based in Creve Coeur, Missouri, issued an SBA franchise loan for a Christian Brothers Automotive franchise in 2007. We've got all the details on this Texas small business loan.

SBA Loan Borrower

PAUL WELCH PROPERTIES LLC
FLOWER MOUND, TX 75028

SBA Loan Lender

FIRST BANK
11901 OLIVE BLVD
CREVE COEUR, MO 63141

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

811111 - General Automotive Repair

Loan Approval Date

10/24/2007

Loan Approval Gross Amount

$1,429,500

Loan Approval from the SBA

Of the total $1,429,500 loan amount, the SBA guaranteed $1,072,125.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Christian Brothers Automotive franchise. At the time of the loan, the company had 15 employees. The SBA loan documents indicated that the loan would help retain 15 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

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:

Christian Brothers Automotive

Business Line of Credit

SBA 7A Banks in Creve Coeur, Missouri

SBA Lenders in Missouri