Texas Entrepreneur Secures Financing to Buy Murphy's Deli Franchise

Borrowing money to purchase a Murphy's Deli franchise? Regions Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Austin, Texas needed money to invest in a Murphy's Deli franchise back in 2003. Regions Bank issued an SBA franchise loan. Here are the details on this Texas small business loan.

SBA Loan Borrower

MURPHY'S DELI
AUSTIN, TX 78701

SBA Loan Lender

REGIONS BANK
1751 CONGRESSMAN DICKINSON DR
MONTGOMERY, AL 36109

This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5499 - Food Stores

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

3/20/2003

Loan Approval Gross Amount

$129,600

Loan Approval from the SBA

Of the total $129,600 loan amount, the SBA guaranteed $97,200.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Murphy's Deli franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need money to start a business or already have a business and need money to expand, 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 Regions 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.

Related Links:

A Company That Helps Entrepreneurs

SBA Participating Banks in Montgomery, Alabama

Alabama SBA 7A Lenders