Loan to Buy Wsi Ice Business Franchise Issued By Aimbank

Need money to purchase a Wsi Ice Business franchise? Aimbank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Levelland, Texas needed money to invest in a Wsi Ice Business franchise back in 2004. Aimbank issued an SBA franchise loan. Here are the details on this Texas small business loan.

SBA Loan Borrower

WSI INTERNET CONSULTING&EDUCAT
LEVELLAND, TX 79336

SBA Loan Lender

AIMBANK
337 PHELPS AVE
LITTLEFIELD, TX 79339

This lender issued this particular SBA loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

518111 -

Loan Approval Date

2/18/2004

Loan Approval Gross Amount

$38,100

Loan Approval from the SBA

Of the total $38,100 loan amount, the SBA guaranteed $32,385.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Wsi Ice Business franchise. At the time of the loan, the company had 5 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

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.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Aimbank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Aimbank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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