Texas Entrepreneur Secures Financing to Buy Collect America, Ltd Franchise

Borrowing money to invest in a Collect America, Ltd franchise? Citibank has a history of making these loans and they are guaranteed by the SBA.

Collect America, Ltd franchise loans are available to Garland, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Citibank, based in Garland, Texas, issued an SBA franchise loan for a Collect America, Ltd franchise in 2000. We've got all the details on this Texas small business loan.

SBA Loan Borrower

GRALINE FINANCIAL SERVICES, IN
GARLAND, TX 75040

SBA Loan Lender

CITIBANK
2720 BELTLINE RD
GARLAND, TX 75044

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8999 - Services

Loan Approval Date

1/11/2000

Loan Approval Gross Amount

$70,000

Loan Approval from the SBA

Of the total $70,000 loan amount, the SBA guaranteed $56,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Collect America, Ltd franchise. At the time of the loan, the company had 15 employees. This SBA loan request did not indicate that the small business promised to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

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:

Business Line of Credit

SBA 7A Banks in Garland, Texas

Getting a Business Loan in Texas