First National Bank - Cent. Texas Provides SBA Loan to Buy Decorating Den System Franchise

Need money to purchase a Decorating Den System franchise? First National Bank - Cent. Texas has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Waco, Texas needed money to invest in a Decorating Den System franchise back in 2003. First National Bank - Cent. Texas issued an SBA franchise loan. Here are the details on this Texas small business loan.

SBA Loan Borrower

INTERIORS BY DECORATING DEN
WACO, TX 76708

SBA Loan Lender

FIRST NATIONAL BANK - CENT. TEXAS
1835 N VALLEY MILLS DR
WACO, TX 76710

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541410 - Interior Design Services

Loan Approval Date

6/13/2003

Loan Approval Gross Amount

$40,000

Loan Approval from the SBA

Of the total $40,000 loan amount, the SBA guaranteed $34,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Decorating Den System franchise. At the time of the loan, the company had only one employee. The loan application did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Obtaining Funding - How to Borrow Money

Who Lends Money to Small Businesses in Waco, Texas

Find an SBA Lender in Texas