Borrow Money to Buy a Hungry Howie's Franchise

Need a loan to invest in a Hungry Howie's franchise? Union State Bank has a history of making these loans and they are guaranteed by the SBA.

Hungry Howie's franchise loans are available to Austin, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Union State Bank, based in Florence, Texas, issued an SBA franchise loan for a Hungry Howie's franchise in 2007. We've got all the details on this Texas small business loan.

SBA Loan Borrower

HUNGRY HOWIE'S PIZZA
AUSTIN, TX 78705

SBA Loan Lender

UNION STATE BANK
100 E MAIN ST
FLORENCE, TX 76527

This lender issued this loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

6/8/2007

Loan Approval Gross Amount

$240,000

Loan Approval from the SBA

Of the total $240,000 loan amount, the SBA guaranteed $180,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Hungry Howie's franchise. At the time of the loan, the company had 17 employees. The loan application indicated that the loan would help generate 16 new jobs and retain 1 existing job.

Great, But How Can I Get an SBA Loan for My Business?

Many small businesses receive loans backed by the U.S. Small Business Administration.

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 Union 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:

Hungry Howie's Pizza & Subs

A Company That Helps Entrepreneurs

SBA Approved Banks in Florence, Texas

Getting an SBA Loan in Texas