Plainscapital Bank Provides SBA Loan to Buy Auntie Ann's soft Pretzels Franchise

Need money to invest in an Auntie Ann's soft Pretzels franchise? Plainscapital Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Amarillo, Texas needed money to invest in an Auntie Ann's soft Pretzels franchise back in 2004. Plainscapital Bank issued an SBA franchise loan. Here are the details on this Texas small business loan.

SBA Loan Borrower

AUNTIE ANNE'S HAND-ROLLED SOFT
AMARILLO, TX 79121

SBA Loan Lender

PLAINSCAPITAL BANK
5010 UNIVERSITY AVE
LUBBOCK, TX 79413

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.

NAICS Code

311821 - Cookie and Cracker Manufacturing

Loan Approval Date

4/5/2004

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Auntie Ann's soft Pretzels franchise. At the time of the loan, the company had 1706 employees. The SBA loan documents did not indicate that the small business planned to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you are wondering how to find money to start a business or need money for an existing business, an SBA loan can be a great funding source

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Plainscapital Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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