Borrow Money to Buy a Quik Internet Of Northwest Texas Franchise

Borrowing money to buy a Quik Internet Of Northwest Texas franchise? Equity Bank, Ssb has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Quik Internet Of Northwest Texas franchise? If so, here's a 2000 SBA franchise loan that you should know about. Equity Bank, Ssb was the lender and the entrepreneur was based in Mount Vernon, Texas.

SBA Loan Borrower

QUIK INTERNET
MOUNT VERNON, TX 75457

SBA Loan Lender

EQUITY BANK, SSB
5220 SPRING VALLEY RD, STE 16
DALLAS, TX 75254

This was a Low Documentation SBA loan. The SBA launched this program to minimize the paperwork associated with getting a loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7374 - Computer Processing and Data Preparation

NAICS Code

541519 - Computer Related Services

Loan Approval Date

10/24/2000

Loan Approval Gross Amount

$40,000

Loan Approval from the SBA

Of the total $40,000 loan amount, the SBA guaranteed $32,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Quik Internet Of Northwest Texas franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Accountant's Role in Securing Financing

SBA Approved Banks in Dallas, Texas

Getting an SBA Loan in Texas