Texas Entrepreneur Secures Financing to Buy Business Cards Tomorrow Franchise

Borrowing money to buy a Business Cards Tomorrow franchise? Compass Bank has a history of making these loans and they are guaranteed by the SBA.

Business Cards Tomorrow franchise loans are available to Round Rock, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Compass Bank, based in Birmingham, Alabama, issued an SBA franchise loan for a Business Cards Tomorrow franchise in 2007. We've got all the details on this Texas small business loan.

SBA Loan Borrower

MALORIC SERVICES, INC. DBA BUSINESS CARDS
Round Rock, TX 78664

SBA Loan Lender

COMPASS BANK
15 S 20TH ST
BIRMINGHAM, AL 35233

This lender provides SBA debt financing as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

323119 - Commercial Printing

Loan Approval Date

7/11/2007

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $187,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Business Cards Tomorrow franchise. At the time of the loan, the company had 22 employees. This SBA loan request indicated that the loan would help generate 13 new jobs and retain 22 existing jobs.

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

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

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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:

Business Cards Tomorrow, Inc.

Advice on Getting a Small Business Loan

Where to Get an SBA Loan in Birmingham, Alabama

Alabama SBA Bank Lenders