Austin, TX Entrepreneur Gets SBA Loan to Buy Shipley Donut Shop Franchise

Borrowing money to buy a Shipley Donut Shop franchise? Texas First Bank Santa Fe has a history of making these loans and they are guaranteed by the SBA.

Shipley Donut Shop franchise loans are available to Austin, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Texas First Bank Santa Fe, based in Santa Fe, Texas, issued an SBA franchise loan for a Shipley Donut Shop franchise in 2006. We've got all the details on this Texas small business loan.

SBA Loan Borrower

SHIPLEY DO-NUTS BRODIE LANE
AUSTIN, TX 78745

SBA Loan Lender

TEXAS FIRST BANK SANTA FE
12402 HWY 6
SANTA FE, TX 77510

This SBA bank 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

5812 - Eating Places

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

5/16/2006

Loan Approval Gross Amount

$267,168

Loan Approval from the SBA

Of the total $267,168 loan amount, the SBA guaranteed $200,376.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Shipley Donut Shop franchise. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Texas First Bank Santa Fe and they will explain how you can get an SBA loan for your company.

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:

Advice on Getting a Small Business Loan

SBA Participating Banks in Santa Fe, Texas

SBA Participating Banks in Texas