Lone Star National Bank Provides SBA Loan to Buy One-Hour Martinizing Franchise

Need a loan to invest in an One-Hour Martinizing franchise? Lone Star National Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy an One-Hour Martinizing franchise? If so, here's a 2000 SBA franchise loan that you should know about. Lone Star National Bank was the lender and the entrepreneur was based in Mcallen, Texas.

SBA Loan Borrower

TEAM SAMO, INC.
MCALLEN, TX 78504

SBA Loan Lender

LONE STAR NATIONAL BANK
100 W FERGUSON
PHARR, TX 78577

This lender issued this loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7216 - Drycleaning Plants

NAICS Code

812320 - Drycleaning and Laundry Services

Loan Approval Date

4/6/2000

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $150,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an One-Hour Martinizing franchise. At the time of the loan, the company had 7 employees. This SBA loan request indicated that the funding would help create 7 new jobs.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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SBA Approved Banks in Pharr, Texas

Texas SBA Bank Lenders