Texas Entrepreneur Secures Financing to Buy True Value Hardware Franchise
Borrowing money to invest in a True Value Hardware franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA.
An entrepreneur in Hebbronville, Texas needed money to invest in a True Value Hardware franchise back in 2003. Wells Fargo Bank issued an SBA franchise loan. Here are the details on this Texas small business loan.
SBA Loan Borrower
DIAL HARDWARE, INC.
HEBBRONVILLE, TX 78361
SBA Loan Lender
WELLS FARGO BANK
16414 SAN PEDRO, STE 1000
SAN ANTONIO, TX 78232
At the time this loan was granted, this lending institution was part of the SBA's Certified Lenders Program (CLP). This program was created to provide quick service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
444130 - Hardware Stores
Loan Approval Date
7/17/2003
Loan Approval Gross Amount
$456,100
Loan Approval from the SBA
Of the total $456,100 loan amount, the SBA guaranteed $342,075.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was used to buy a True Value Hardware franchise. At the time of the loan, the company
had 12 employees. The loan application did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees.
Next Steps for Getting an SBA Loan
If you are raising money in Hebbronville TX, you ought to talk with a local Hebbronville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Hebbronville businesses.
The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Wells Fargo Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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:
True Value Hardware
Obtaining Funding - How to Decide How Much to Raise
Small Business Banks in San Antonio, Texas
SBA Lenders in Texas