Texas Entrepreneur Secures Financing to Buy Fish City Grill Franchise

Need a loan to buy a Fish City Grill franchise? Amer Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Fish City Grill franchise is doable. In 2006, Amer Bank issued an SBA franchise loan to an entrepreneur in Austin, Texas. Because Fish City Grill was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis.

SBA Loan Borrower

FISH CITY GRILL
AUSTIN, TX 78738

SBA Loan Lender

AMER BANK
711 N CARANCAHUA
CORPUS CHRISTI, TX 78411

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

8/24/2006

Loan Approval Gross Amount

$1,036,500

Loan Approval from the SBA

Of the total $1,036,500 loan amount, the SBA guaranteed $777,375.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Fish City Grill franchise. At the time of the loan, the company had 4 employees. This SBA loan request indicated that the funding would help generate 40 new jobs.

Next Steps for Getting an SBA Loan

If you need money to start business in Austin TX, you ought to talk with a local Austin SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Austin businesses.

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 Amer 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:

Fish City Grill

Bank Credit Lines

SBA 7A Lenders in Corpus Christi, Texas

Texas SBA Bank Lenders