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November 15, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Brandon, Business Loans > Trustmark National Bank Brandon Business Loans > Sport Clips Loan | ||||
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SBA 7A Banks for Garland, Texas Small Businesses
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Borrow Money to Buy a Sports Clips FranchiseNeed money to buy a Sports Clips franchise? Trustmark National Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Sports Clips franchise may simply require a phone call to a local SBA banker. In 2003, Trustmark National Bank issued an SBA franchise loan to an entrepreneur in Garland, Texas. Because Sports Clips was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis. SBA Loan Borrower SPORT CLIPS SBA Loan Lender TRUSTMARK NATIONAL BANK The lender provided this business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 812111 - Barber Shops Loan Approval Date 10/15/2003 Loan Approval Gross Amount $120,000 Loan Approval from the SBA Of the total $120,000 loan amount, the SBA guaranteed $60,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Sports Clips franchise. At the time of the loan, the company had 8 employees. The loan application indicated that the funding would help create 8 new jobs. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. 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: Small Bank Loans in Brandon, Mississippi
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