Texas Entrepreneur Secures Financing to Buy Sports Clips Franchise

Borrowing money to purchase a Sports Clips franchise? United Community Bank has a history of making these loans and they are guaranteed by the SBA.

Sports Clips franchise loans are available to Hickory Creek, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, United Community Bank, based in Highland Village, Texas, issued an SBA franchise loan for a Sports Clips franchise in 2004. We've got all the details on this Texas small business loan.

SBA Loan Borrower

SPORT CLIPS
HICKORY CREEK, TX 75065

SBA Loan Lender

UNITED COMMUNITY BANK
2100 FM 407
HIGHLAND VILLAGE, TX 75077

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812112 - Beauty Salons

Loan Approval Date

5/4/2004

Loan Approval Gross Amount

$127,900

Loan Approval from the SBA

Of the total $127,900 loan amount, the SBA guaranteed $95,925.

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 29 employees. The SBA loan documents did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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 SBA loan was for $127,900. How would you spend $127,900 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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.

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