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November 15, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Houston, Business Loans > Sterling Bank Houston Business Loans > Pizza Inn Arlington Loan | ||||
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How to Get SBA Loans in Arlington, Texas
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Arlington, TX Entrepreneur Gets SBA Loan to Buy Pizza Inn FranchiseNeed money to purchase a Pizza Inn franchise? Sterling Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Pizza Inn franchise? If so, here's a 2004 SBA franchise loan that you should know about. Sterling Bank was the lender and the entrepreneur was based in Arlington, Texas. SBA Loan Borrower PIZZA INN ARLINGTON SBA Loan Lender STERLING BANK 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 10/15/2004 Loan Approval Gross Amount $125,000 Loan Approval from the SBA Of the total $125,000 loan amount, the SBA guaranteed $106,250. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Pizza Inn franchise. At the time of the loan, the company had 8 employees. This SBA loan request did not indicate that the company promised to use the money to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide smart, affordable business financing for small businesses looking to expand. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Sterling Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: A Company That Helps Entrepreneurs
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