Texas Entrepreneur Secures Financing to Buy Taco Maker Franchise

Need money to buy a Taco Maker franchise? Texas State Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Brownsville, Texas needed money to invest in a Taco Maker franchise back in 2001. Texas State Bank issued an SBA franchise loan. Here are the details on this Texas small business loan.

SBA Loan Borrower

THE TACO MAKER
BROWNSVILLE, TX 78521

SBA Loan Lender

TEXAS STATE BANK
3900 N 10TH ST
MCALLEN, TX 78501

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

9/28/2001

Loan Approval Gross Amount

$254,130

Loan Approval from the SBA

Of the total $254,130 loan amount, the SBA guaranteed $190,597.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Taco Maker franchise. At the time of the loan, the company had 30 employees. The SBA loan documents indicated that the funding would help create 30 new jobs.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Texas State 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:

Taco Maker

Role of Business Plan When Raising Money

SBA 7A Banks for Mcallen, Texas Loans

Getting an SBA Loan in Texas