Loan to Buy Frullati Cafe Franchise Issued By Happy State Bank

Need money to purchase a Frullati Cafe franchise? Happy State Bank has a history of making these loans and they are guaranteed by the SBA.

Frullati Cafe franchise loans are available to Amarillo, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Happy State Bank, based in Amarillo, Texas, issued an SBA franchise loan for a Frullati Cafe franchise in 2001. We've got all the details on this Texas small business loan.

SBA Loan Borrower

FRULLATI CAFE & BAKERY
AMARILLO, TX 79109

SBA Loan Lender

HAPPY STATE BANK
5050 S WESTERN
AMARILLO, TX 79109

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

1/19/2001

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 an existing business. This loan was used to buy a Frullati Cafe franchise. At the time of the loan, the company had 4 employees. The SBA loan documents did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

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 Happy State 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:

Frullati Cafe & Bakery

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Small Bank Loans in Amarillo, Texas

Texas SBA 7A Lenders