Borrow Money to Buy a Pro Cuts Franchise

Need a loan to invest in a Pro Cuts franchise? Citizens National Bank - Texas has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Pro Cuts franchise requires some effort but others before you have been successful. In 2000, Citizens National Bank - Texas issued an SBA franchise loan to an entrepreneur in Waxahachie, Texas. Because Pro Cuts was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis.

SBA Loan Borrower

SMITHEY PRO CUTS LLC
WAXAHACHIE, TX 75165

SBA Loan Lender

CITIZENS NATIONAL BANK - TEXAS
200 N ELM ST
WAXAHACHIE, TX 75165

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.

SIC Code

7231 - Beauty Shops

Loan Approval Date

8/16/2000

Loan Approval Gross Amount

$140,000

Loan Approval from the SBA

Of the total $140,000 loan amount, the SBA guaranteed $105,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Pro Cuts franchise. At the time of the loan, the company had 6 employees. The SBA loan application for the borrower did not indicate that the business promised to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you want money for new small business in Waxahachie TX, you ought to talk with a local Waxahachie SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Waxahachie 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:

Pro-Cuts

Business Credit Evaluation

Who Lends Money to Small Businesses in Waxahachie, Texas

SBA Lenders in Texas