Lone Star National Bank Provides SBA Loan to Buy Frullati Cafe Franchise

Need a loan to purchase a Frullati Cafe franchise? Lone Star National Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Frullati Cafe franchise? If so, here's a 2000 SBA franchise loan that you should know about. Lone Star National Bank was the lender and the entrepreneur was based in Brownsville, Texas.

SBA Loan Borrower

FRULLATI CAFE AND BAKERY
BROWNSVILLE, TX 78526

SBA Loan Lender

LONE STAR NATIONAL BANK
100 W FERGUSON
PHARR, TX 78577

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

Loan Approval Date

3/16/2000

Loan Approval Gross Amount

$170,000

Loan Approval from the SBA

Of the total $170,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Frullati Cafe franchise. At the time of the loan, the company had 13 employees. The loan application indicated that the funding would help generate 6 new jobs.

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

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Lone Star National Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Frullati Cafe & Bakery

Accountant's Role in Securing Financing

Good Banks for Small Business in Pharr, Texas

Getting a Business Loan in Texas