Plano, TX Entrepreneur Gets SBA Loan to Buy Christian Brothers Automotive Franchise

Need money to invest in a Christian Brothers Automotive franchise? Texas First Bank Santa Fe has a history of making these loans and they are guaranteed by the SBA.

Christian Brothers Automotive franchise loans are available to Plano, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Texas First Bank Santa Fe, based in Friendswood, Texas, issued an SBA franchise loan for a Christian Brothers Automotive franchise in 2003. We've got all the details on this Texas small business loan.

SBA Loan Borrower

CHRISTIAN BROTHERS AUTOMOTIVE
PLANO, TX 75074

SBA Loan Lender

TEXAS FIRST BANK SANTA FE
111 W PARKWOOD
FRIENDSWOOD, TX 77546

This lender issued this SBA business loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 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

7538 - General Automotive Repair Shops

NAICS Code

811111 - General Automotive Repair

Loan Approval Date

11/17/2003

Loan Approval Gross Amount

$224,000

Loan Approval from the SBA

Of the total $224,000 loan amount, the SBA guaranteed $168,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Christian Brothers Automotive franchise. At the time of the loan, the company had 5 employees. This SBA loan request did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees.

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

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

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.

Related Links:

Christian Brothers Automotive

Accountant's Role in Securing Financing

Good Banks for Small Business in Friendswood, Texas

SBA Texas Lenders