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December 22, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Fort Worth, Business Loans > Compass Bank Fort Worth Business Loans > Comet Cleaners Loan | ||||
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Granbury, Texas Bank Loan
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Texas Entrepreneur Secures Financing to Buy Comet One-Hour Dry Cleaners FranchiseNeed a loan to buy a Comet One-Hour Dry Cleaners franchise? Compass Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Comet One-Hour Dry Cleaners franchise shouldn't be overly burdensome. In 2004, Compass Bank issued an SBA franchise loan to an entrepreneur in Granbury, Texas. Because Comet One-Hour Dry Cleaners was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis. SBA Loan Borrower COMET CLEANERS SBA Loan Lender COMPASS BANK This lender provides SBA small business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812320 - Drycleaning and Laundry Services Loan Approval Date 6/7/2004 Loan Approval Gross Amount $318,100 Loan Approval from the SBA Of the total $318,100 loan amount, the SBA guaranteed $238,575. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Comet One-Hour Dry Cleaners franchise. At the time of the loan, the company had 10 employees. The SBA loan documents indicated that the borrowed money would help generate 10 new jobs. Great, But How Can I Get an SBA Loan for My Business? The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Borrowing Money from Friends and Family Small Bank Loans in Fort Worth, Texas Getting a Business Loan in Texas
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