Texas Entrepreneur Secures Financing to Buy Pro Cuts Franchise

Need a loan to purchase a Pro Cuts franchise? Community Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Pro Cuts franchise is doable. In 2002, Community Bank issued an SBA franchise loan to an entrepreneur in Granbury, Texas. Because Pro Cuts was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis.

SBA Loan Borrower

PRO CUTS
GRANBURY, TX 76049

SBA Loan Lender

COMMUNITY BANK
500 S MORGAN ST
GRANBURY, TX 76048

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812112 - Beauty Salons

Loan Approval Date

7/31/2002

Loan Approval Gross Amount

$76,900

Loan Approval from the SBA

Of the total $76,900 loan amount, the SBA guaranteed $65,365.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Pro Cuts franchise. At the time of the loan, the company had only one employee. This SBA loan request indicated that the funding would help generate 8 new jobs.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you have a business and need capital to get to the next level? 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:

Pro-Cuts

Debt Financing

Small Bank Loans in Granbury, Texas

Getting an SBA Loan in Texas