Texas Entrepreneur Secures Financing to Buy Curves For Women Franchise
Need money to buy a Curves For Women franchise? First Texas Bank has a history of making these loans and they are guaranteed by the SBA.
Getting money to buy a Curves For Women franchise may simply require a phone call to a local SBA banker. In 2004, First Texas Bank issued an SBA franchise loan to an entrepreneur in Round Rock, Texas. Because Curves For Women was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis.
SBA Loan Borrower
CURBES ROUND ROCK
ROUND ROCK, TX 78664
SBA Loan Lender
FIRST TEXAS BANK
500 E ROUND ROCK AVE
ROUND ROCK, TX 78680
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.
NAICS Code
713940 - Fitness and Recreational Sports Centers
Loan Approval Date
2/26/2004
Loan Approval Gross Amount
$40,000
Loan Approval from the SBA
Of the total $40,000 loan amount, the SBA guaranteed $34,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was used to buy a Curves For Women franchise. At the time of the loan, the company
had 8 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the money to increase staffing levels or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like First Texas Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).
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:
Curves
Obtaining Funding From a Venture Capitalist
Where to Get an SBA Loan in Round Rock, Texas
Texas SBA 7A Banks