Borrow Money to Buy a Sports Clips Franchise

Need money to invest in a Sports Clips franchise? First Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Woodway, Texas needed money to invest in a Sports Clips franchise back in 2008. First Bank issued an SBA franchise loan. Here are the details on this Texas small business loan.

SBA Loan Borrower

SPORT CLIPS
WOODWAY, TX 76712

SBA Loan Lender

FIRST BANK
11901 OLIVE BLVD
CREVE COEUR, MO 63141

This SBA loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

812111 - Barber Shops

Loan Approval Date

1/8/2008

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $100,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Sports Clips franchise. At the time of the loan, the company had 5 employees. The loan application indicated that the loan would help generate 9 new jobs and retain 8 existing jobs.

Next Steps for Getting an SBA Loan

If you have been wondering how do i get money to start a business in Woodway TX, you ought to talk with a local Woodway SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Woodway businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like First Bank and they will explain how you can get an SBA loan for your company.

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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