Willis, TX Entrepreneur Gets SBA Loan to Buy Kabloom Franchise
Need a loan to invest in a Kabloom franchise? The Frost National Bank has a history of making these loans and they are guaranteed by the SBA.
Want to borrow money to buy a Kabloom franchise? If so, here's a 2004 SBA franchise loan that you should know about. The Frost National Bank was the lender and the entrepreneur was based in Willis, Texas.
SBA Loan Borrower
KABLOOM
WILLIS, TX 77380
SBA Loan Lender
THE FROST NATIONAL BANK
100 W HOUSTON ST
SAN ANTONIO, TX 78205
This lender provides SBA loan for small businesses as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
453110 - Florists
Loan Approval Date
3/29/2004
Loan Approval Gross Amount
$201,000
Loan Approval from the SBA
Of the total $201,000 loan amount, the SBA guaranteed $150,750.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Kabloom franchise. At the time of the loan, the company
had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 3 new jobs and retain 2 existing jobs.
Getting an SBA Loan For Your Business
SBA loans provide smart, affordable business financing for small businesses looking to expand.
SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into The Frost National Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!
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:
KaBloom Florists
Business Cash Advances
SBA Approved Banks in San Antonio, Texas
Texas SBA Banks