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November 21, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Creve Coeur, Business Loans > First Bank Creve Coeur Business Loans > Fantastic Sams Loan | ||||
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Banks for Franchise Loans in Texas
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Loan to Buy Fantastic Sam's Franchise Issued By First BankBorrowing money to purchase a Fantastic Sam's franchise? First Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Fantastic Sam's franchise? If so, here's a 2006 SBA franchise loan that you should know about. First Bank was the lender and the entrepreneur was based in Kinwood, Texas. SBA Loan Borrower FANTASTIC SAMS SBA Loan Lender FIRST BANK This lender processed this business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 812111 - Barber Shops Loan Approval Date 12/19/2006 Loan Approval Gross Amount $68,000 Loan Approval from the SBA Of the total $68,000 loan amount, the SBA guaranteed $34,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Fantastic Sam's franchise. At the time of the loan, the company had 8 employees. The SBA loan documents indicated that the loan would help retain 6 existing jobs. 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. This SBA loan was for $68,000. How would you spend $68,000 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. Related Links: Find an SBA Lender in Creve Coeur, Missouri Getting an SBA Loan in Missouri
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