Texas Entrepreneur Secures Financing to Buy Purified Water To Go Franchise

Need a loan to buy a Purified Water To Go franchise? Colonial Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Plano, Texas needed money to invest in a Purified Water To Go franchise back in 2000. Colonial Bank issued an SBA franchise loan. Here are the details on this Texas small business loan.

SBA Loan Borrower

NUTRITION MARKETPLACE
PLANO, TX 75150

SBA Loan Lender

COLONIAL BANK
1522 GROSS RD
MESQUITE, TX 75149

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5499 - Food Stores

Loan Approval Date

1/12/2000

Loan Approval Gross Amount

$64,500

Loan Approval from the SBA

Of the total $64,500 loan amount, the SBA guaranteed $51,600.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Purified Water To Go franchise. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

While you may be able to find business people willing to loan money, 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:

Purified Water To Go

Alternative Financing

Small Bank Loans in Mesquite, Texas

Where to Get an SBA Loan Texas