Regions Bank Provides SBA Loan to Buy Cardsmart Franchise

Borrowing money to invest in a Cardsmart franchise? Regions Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Tyler, Texas and are interested in buying a Cardsmart franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2003 by Regions Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

CARDSMART
TYLER, TX 75703

SBA Loan Lender

REGIONS BANK
6637 ROSWELL RD
ATLANTA, GA 30328

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

452990 - General Merchandise Stores

Loan Approval Date

11/14/2003

Loan Approval Gross Amount

$181,300

Loan Approval from the SBA

Of the total $181,300 loan amount, the SBA guaranteed $135,975.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Cardsmart franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 2 existing jobs.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Regions Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Cardsmart Retail Corporation

Small Business Credit Cards

Small Business Banks in Atlanta, Georgia

Getting an SBA Loan in Georgia