Texas Entrepreneur Secures Financing to Buy Cookie Boutique Franchise

Need a loan to purchase a Cookie Boutique franchise? Lehman Brothers Bank, Fsb has a history of making these loans and they are guaranteed by the SBA.

Cookie Boutique franchise loans are available to Carrollton, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Lehman Brothers Bank, Fsb, based in Boston, Massachusetts, issued an SBA franchise loan for a Cookie Boutique franchise in 2000. We've got all the details on this Texas small business loan.

SBA Loan Borrower

BEAR BAKERY - COOKIE BOUQUET
CARROLLTON, TX 75007

SBA Loan Lender

LEHMAN BROTHERS BANK, FSB
101 SUMMER ST
BOSTON, MA 02110

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5461 - Retail Bakeries

NAICS Code

311811 - Retail Bakeries

Loan Approval Date

2/25/2000

Loan Approval Gross Amount

$192,000

Loan Approval from the SBA

Of the total $192,000 loan amount, the SBA guaranteed $144,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Cookie Boutique franchise. At the time of the loan, the company had 10 employees. The loan application indicated that the loan would help generate 10 new jobs and retain 10 existing jobs.

Getting an SBA Loan For Your 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.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer 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.

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