Mesquite, TX Entrepreneur Gets SBA Loan to Buy My Dollar Store Franchise

Borrowing money to purchase a My Dollar Store franchise? First National Bank - Mid-Cities has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a My Dollar Store franchise? If so, here's a 2003 SBA franchise loan that you should know about. First National Bank - Mid-Cities was the lender and the entrepreneur was based in Mesquite, Texas.

SBA Loan Borrower

MY DOLLAR STORE
MESQUITE, TX 75150

SBA Loan Lender

FIRST NATIONAL BANK - MID-CITIES
4009 AIRPORT FRWY
BEDFORD, TX 76021

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide business loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5399 - General Merchandise Stores

NAICS Code

452990 - General Merchandise Stores

Loan Approval Date

8/8/2003

Loan Approval Gross Amount

$173,250

Loan Approval from the SBA

Of the total $173,250 loan amount, the SBA guaranteed $129,938.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a My Dollar Store franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

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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