Sherman, TX Entrepreneur Gets SBA Loan to Buy Ace Cash Express Franchise

Borrowing money to purchase an Ace Cash Express franchise? First United Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy an Ace Cash Express franchise? If so, here's a 2004 SBA franchise loan that you should know about. First United Bank & Trust was the lender and the entrepreneur was based in Sherman, Texas.

SBA Loan Borrower

ACE CASH EXPRESS OF SHERMAN TX
SHERMAN, TX 75090

SBA Loan Lender

FIRST UNITED BANK & TRUST
1400 W MAIN ST
DURANT, OK 74701

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

522390 - Activities Related to Credit Intermediation

Loan Approval Date

12/13/2004

Loan Approval Gross Amount

$147,000

Loan Approval from the SBA

Of the total $147,000 loan amount, the SBA guaranteed $124,950.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an Ace Cash Express franchise. At the time of the loan, the company had 3 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the funding to add employees or retain any existing employees.

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

If you are wondering how to raise money for a business in Sherman TX, you ought to talk with a local Sherman SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Sherman 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.

Related Links:

ACE Cash Express, Inc.

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