Texas Entrepreneur Secures Financing to Buy Re/max Realty Franchise

Need money to invest in a Re/max Realty franchise? 1st Choice Bank has a history of making these loans and they are guaranteed by the SBA.

Re/max Realty franchise loans are available to Pasadena, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, 1st Choice Bank, based in Houston, Texas, issued an SBA franchise loan for a Re/max Realty franchise in 2006. We've got all the details on this Texas small business loan.

SBA Loan Borrower

RE/MAX 1ST AMERICAN DREAM
PASADENA, TX 77505

SBA Loan Lender

1ST CHOICE BANK
2310 YALE
HOUSTON, TX 77008

The lender provided this bank loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

531210 - Real Estate Agents and Brokers

Loan Approval Date

2/3/2006

Loan Approval Gross Amount

$75,000

Loan Approval from the SBA

Of the total $75,000 loan amount, the SBA guaranteed $37,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Re/max Realty franchise. At the time of the loan, the company had 20 employees. The SBA loan documents indicated that the loan would help retain 20 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

We've showcased information on this loan to let you know that businesses like yours 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:

RE/MAX International

Financing Your Business

Banks in Houston, Texas

Texas SBA 7A Lenders