San Marcos, TX Entrepreneur Gets SBA Loan to Buy Abbey Carpet Franchise
Need money to buy an Abbey Carpet franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA.
If you live near San Marcos, Texas and are interested in buying an Abbey Carpet franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2007 by Comerica Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.
SBA Loan Borrower
MCGLOTHINS ABBEY FLOORING
SAN MARCOS, TX 78666
SBA Loan Lender
COMERICA BANK
1900 W LOOP SOUTH
HOUSTON, TX 77027
The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide business loans to to our country's hard-working small business owners.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
422210 - Drugs and Druggists' Sundries Wholesalers
Loan Approval Date
12/21/2007
Loan Approval Gross Amount
$1,858,000
Loan Approval from the SBA
Of the total $1,858,000 loan amount, the SBA guaranteed $1,393,500.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was used to buy an Abbey Carpet franchise. At the time of the loan, the company
had 9 employees. The loan application indicated that the loan would help retain 9 existing jobs.
Start the Process for Getting an SBA Loan Today!
SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.
We've showcased information on this loan to let you know that businesses like yours 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.
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