Loan to Buy Bath Junkie Franchise Issued By First State Bank Central Texas

Need a loan to purchase a Bath Junkie franchise? First State Bank Central Texas has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Bath Junkie franchise requires some effort but others before you have been successful. In 2003, First State Bank Central Texas issued an SBA franchise loan to an entrepreneur in Georgetown, Texas. Because Bath Junkie was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis.

SBA Loan Borrower

BATH JUNKIE
402 STEEPLECHASE DRIVE
GEORGETOWN, TX 78626

SBA Loan Lender

FIRST STATE BANK CENTRAL TEXAS
6500 N MOPAC, STE 1101
AUSTIN, TX 78731

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide business loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5999 - Miscellaneous Retail Stores, N.E.C.

NAICS Code

446120 - Cosmetics, Beauty Supplies, and Perfume Stores

Loan Approval Date

9/2/2003

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, Bath Junkie, borrowed this money for a new business. This loan was used to buy a Bath Junkie franchise. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees. This loan was paid in full, and was closed out on 3/30/2006.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Your solution for where to find money to start a business may be an SBA guaranteed loan. Bath Junkie recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's SBA loan database.

Related Links:

Bath Junkie

How Equity Dilution Works

SBA 7A Banks for Austin, Texas Loans

Getting an SBA Loan in Texas

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