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November 27, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Fort Worth, Business Loans > Southwest Bank Fort Worth Business Loans > Relax The Back Loan | ||||
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Where to Get a Small Business Loan to Purchase a Franchise
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Borrow Money to Buy a Relax The Back Store FranchiseNeed a loan to buy a Relax The Back Store franchise? Southwest Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Relax The Back Store franchise? If so, here's a 2005 SBA franchise loan that you should know about. Southwest Bank was the lender and the entrepreneur was based in Fort Worth, Texas. SBA Loan Borrower RELAX THE BACK SBA Loan Lender SOUTHWEST BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 453998 - Store Retailers Loan Approval Date 6/3/2005 Loan Approval Gross Amount $167,300 Loan Approval from the SBA Of the total $167,300 loan amount, the SBA guaranteed $125,475. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Relax The Back Store franchise. At the time of the loan, the company had 7 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 7 existing jobs. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: How Much Venture Capital Is There? SBA Banks in Fort Worth, Texas SBA Participating Banks in Texas
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