Loan to Buy Precision Door Service Franchise Issued By Schertz Bank & Trust

Need a loan to invest in a Precision Door Service franchise? Schertz Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in San Antonio, Texas needed money to invest in a Precision Door Service franchise back in 2004. Schertz Bank & Trust issued an SBA franchise loan. Here are the details on this Texas small business loan.

SBA Loan Borrower

PRECISION OVERHEAD DOOR OF SAN
SAN ANTONIO, TX 78217

SBA Loan Lender

SCHERTZ BANK & TRUST
519 MAIN ST
SCHERTZ, TX 78154

This lender issued this particular SBA loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

444190 - Building Material Dealers

Loan Approval Date

8/18/2004

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Precision Door Service franchise. At the time of the loan, the company had 3 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $150,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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.

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