Prosper Bank Provides SBA Loan to Buy Frozen Ropes Northshore Franchise

Borrowing money to purchase a Frozen Ropes Northshore franchise? Prosper Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Mckinney, Texas and are interested in buying a Frozen Ropes Northshore franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2006 by Prosper Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

FROZEN ROPES OF NORTH DALLAS
MCKINNEY, TX 75071

SBA Loan Lender

PROSPER BANK
805 E 1ST ST
PROSPER, TX 75078

This lender provides SBA bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

713940 - Fitness and Recreational Sports Centers

Loan Approval Date

7/28/2006

Loan Approval Gross Amount

$94,500

Loan Approval from the SBA

Of the total $94,500 loan amount, the SBA guaranteed $70,875.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Frozen Ropes Northshore franchise. At the time of the loan, the company had 25 employees. This SBA loan request indicated that the loan would help retain 25 existing jobs.

Getting an SBA Loan For Your Business

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

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Prosper Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Prosper Bank 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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