Texas Entrepreneur Secures Financing to Buy Image Arts Etc. Franchise

Borrowing money to purchase an Image Arts Etc. franchise? Farmers National Bank - Seymour has a history of making these loans and they are guaranteed by the SBA.

Image Arts Etc. franchise loans are available to Lubbock, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Farmers National Bank - Seymour, based in Seymour, Texas, issued an SBA franchise loan for an Image Arts Etc. franchise in 2004. We've got all the details on this Texas small business loan.

SBA Loan Borrower

IMAGES 4 KIDS
LUBBOCK, TX 79423

SBA Loan Lender

FARMERS NATIONAL BANK - SEYMOUR
100 N WASHINGTON
SEYMOUR, TX 76380

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541921 - Photography Studios, Portrait

Loan Approval Date

4/29/2004

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $42,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Image Arts Etc. franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower did not indicate that the business planned to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

This SBA loan was for $50,000. How would you spend $50,000 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:

Image Arts, Etc.

Getting a Small Business Loan

Where to Get an SBA Loan in Seymour, Texas

SBA Texas Banks