Omnibank, National Association Provides SBA Loan to Buy Snip-Its Franchise
Need a loan to buy a Snip-Its franchise? Omnibank, National Association has a history of making these loans and they are guaranteed by the SBA.
Want to borrow money to buy a Snip-Its franchise? If so, here's a 2008 SBA franchise loan that you should know about. Omnibank, National Association was the lender and the entrepreneur was based in Sugarland, Texas.
SBA Loan Borrower
SNIP-ITS KIDS. HAIRCUTS. PARTI
SUGARLAND, TX 77478
SBA Loan Lender
OMNIBANK, NATIONAL ASSOCIATION
397 N SAM HOUSTON PKWY EAST
HOUSTON, TX 77060
This lender issued this loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
812111 - Barber Shops
Loan Approval Date
1/14/2008
Loan Approval Gross Amount
$254,200
Loan Approval from the SBA
Of the total $254,200 loan amount, the SBA guaranteed $190,650.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Snip-Its franchise. At the time of the loan, the company
had 9 employees. This SBA loan request indicated that the loan would help generate 7 new jobs and retain 2 existing jobs.
Next Steps for Getting an SBA Loan
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
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:
Snip-Its
How to Raise Money
Best Houston, Texas Banks for Small Business
Find an SBA Lender in Texas