Texas Entrepreneur Secures Financing to Buy Aussie Pet Mobile Villa Park Franchise

Need money to buy an Aussie Pet Mobile Villa Park franchise? Regions Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy an Aussie Pet Mobile Villa Park franchise? If so, here's a 2002 SBA franchise loan that you should know about. Regions Bank was the lender and the entrepreneur was based in Tomball, Texas.

SBA Loan Borrower

AUSSIE PET MOBILE-NWHC
TOMBALL, TX 77375

SBA Loan Lender

REGIONS BANK
1751 CONGRESSMAN DICKINSON DR
MONTGOMERY, AL 36109

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

812910 - Pet Care Services

Loan Approval Date

10/25/2002

Loan Approval Gross Amount

$122,300

Loan Approval from the SBA

Of the total $122,300 loan amount, the SBA guaranteed $103,955.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Aussie Pet Mobile Villa Park franchise. At the time of the loan, the company had 3 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Regions Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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