Texas Entrepreneur Secures Financing to Buy Foot Solutions Franchise

Need a loan to buy a Foot Solutions franchise? Citibank has a history of making these loans and they are guaranteed by the SBA.

Foot Solutions franchise loans are available to Richardson, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Citibank, based in Garland, Texas, issued an SBA franchise loan for a Foot Solutions franchise in 2003. We've got all the details on this Texas small business loan.

SBA Loan Borrower

RICHARD GREINER ENTERPRISES IN
RICHARDSON, TX 75082

SBA Loan Lender

CITIBANK
2720 BELTLINE RD
GARLAND, TX 75044

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

448210 - Shoe Stores

Loan Approval Date

12/4/2003

Loan Approval Gross Amount

$133,000

Loan Approval from the SBA

Of the total $133,000 loan amount, the SBA guaranteed $113,050.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Foot Solutions franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the funding would help generate 4 new jobs.

Next Steps for Getting an SBA Loan

Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Citibank and they will explain how you can get an SBA loan for your company.

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:

Foot Solutions

Bank Credit Lines

Banks in Garland, Texas

Where to Get an SBA Loan Texas