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November 15, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Houston, Business Loans > United Central Bank Houston Business Loans > Computer Moms Loan | ||||
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How Can I Buy a Franchise in Houston, Texas?
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Houston, TX Entrepreneur Gets SBA Loan to Buy Computer Moms FranchiseBorrowing money to buy a Computer Moms franchise? United Central Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Houston, Texas needed money to invest in a Computer Moms franchise back in 2003. United Central Bank issued an SBA franchise loan. Here are the details on this Texas small business loan. SBA Loan Borrower COMPUTER MOMS SBA Loan Lender UNITED CENTRAL BANK This was a Low Documentation SBA loan. The SBA launched this program to limit the paperwork associated with getting a loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 611420 - Computer Training Loan Approval Date 3/27/2003 Loan Approval Gross Amount $52,300 Loan Approval from the SBA Of the total $52,300 loan amount, the SBA guaranteed $44,455. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Computer Moms franchise. At the time of the loan, the company had 7 employees. The SBA loan documents did not indicate that the company planned to use the money to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $52,300 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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:
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