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November 15, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Mission, Business Loans > Texas State Bank Mission Business Loans > Gymboree Play And Music Loan | ||||
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I Need a Small Business Loan to Buy a Franchise in Mcallen, Texas
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Mcallen, TX Entrepreneur Gets SBA Loan to Buy Gymboree FranchiseNeed a loan to buy a Gymboree franchise? Texas State Bank has a history of making these loans and they are guaranteed by the SBA. Gymboree franchise loans are available to Mcallen, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Texas State Bank, based in Mission, Texas, issued an SBA franchise loan for a Gymboree franchise in 2003. We've got all the details on this Texas small business loan. SBA Loan Borrower GYMBOREE PLAY AND MUSIC SBA Loan Lender TEXAS STATE BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 487110 - Scenic and Sightseeing Transportation, Land Loan Approval Date 6/4/2003 Loan Approval Gross Amount $105,000 Loan Approval from the SBA Of the total $105,000 loan amount, the SBA guaranteed $89,250. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Gymboree 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 promised to use the loan proceeds to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Texas State Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Role of Business Plan When Raising Money
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