Borrow Money to Buy an Alta Mere Window Tinting & Auto Franchise

Borrowing money to invest in an Alta Mere Window Tinting & Auto franchise? Compass Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Lewisville, Texas needed money to invest in an Alta Mere Window Tinting & Auto franchise back in 2000. Compass Bank issued an SBA franchise loan. Here are the details on this Texas small business loan.

SBA Loan Borrower

ALTA MERE
LEWISVILLE, TX 75067

SBA Loan Lender

COMPASS BANK
2525 RIDGMAR BLVD
FORT WORTH, TX 76116

This lender issued this particular 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.

SIC Code

7549 - Automotive Services

NAICS Code

811198 - Automotive Repair and Maintenance

Loan Approval Date

1/13/2000

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $112,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an Alta Mere Window Tinting & Auto franchise. At the time of the loan, the company had 6 employees. The SBA loan documents did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees.

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

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

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 $150,000 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.

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