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December 18, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Grand Prairie, Business Loans > Grand Bank Of Texas Grand Prairie Business Loans > Flicks Home Video Loan | ||||
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Raising Money in Frisco, Texas With SBA Loans
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Frisco, TX Entrepreneur Gets SBA Loan to Buy Flicks Home Video FranchiseNeed a loan to invest in a Flicks Home Video franchise? Grand Bank Of Texas has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Flicks Home Video franchise may simply require a phone call to a local SBA banker. In 2004, Grand Bank Of Texas issued an SBA franchise loan to an entrepreneur in Frisco, Texas. Because Flicks Home Video was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis. SBA Loan Borrower FLICKS HOME VIDEO SBA Loan Lender GRAND BANK OF TEXAS This lender issued this particular business 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 532230 - Video Tape and Disc Rental Loan Approval Date 5/24/2004 Loan Approval Gross Amount $137,600 Loan Approval from the SBA Of the total $137,600 loan amount, the SBA guaranteed $116,960. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Flicks Home Video franchise. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the business promised to use the money to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide money to small business owners for working capital for other expenses. 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: Who Lends Money to Small Businesses in Grand Prairie, Texas
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