Loan to Buy Christian Brothers Automotive Franchise Issued By First Bank

Need money to purchase a Christian Brothers Automotive franchise? First Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Keller, Texas needed money to invest in a Christian Brothers Automotive franchise back in 2007. First Bank issued an SBA franchise loan. Here are the details on this Texas small business loan.

SBA Loan Borrower

BUDDY BOY PROPERTIES LLC
KELLER, TX 76248

SBA Loan Lender

FIRST BANK
11901 OLIVE BLVD
CREVE COEUR, MO 63141

This lender provides SBA loan for small businesses 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

811111 - General Automotive Repair

Loan Approval Date

10/24/2007

Loan Approval Gross Amount

$1,631,200

Loan Approval from the SBA

Of the total $1,631,200 loan amount, the SBA guaranteed $1,223,400.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Christian Brothers Automotive franchise. At the time of the loan, the company had 8 employees. The SBA loan application for the borrower indicated that the loan would help retain 8 existing jobs.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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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