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November 16, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Atlanta, Business Loans > Regions Bank Atlanta Business Loans > Must Be Heaven Loan | ||||
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Regions Bank Franchise Business Loans
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Texas Entrepreneur Secures Financing to Buy Must Be Heaven FranchiseNeed money to buy a Must Be Heaven franchise? Regions Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Cedar Hill, Texas needed money to invest in a Must Be Heaven franchise back in 2004. Regions Bank issued an SBA franchise loan. Here are the details on this Texas small business loan. SBA Loan Borrower MUST BE HEAVEN SBA Loan Lender REGIONS BANK This lender processed this commercial loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 12/10/2004 Loan Approval Gross Amount $60,000 Loan Approval from the SBA Of the total $60,000 loan amount, the SBA guaranteed $30,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Must Be Heaven franchise. At the time of the loan, the company had 14 employees. The SBA loan application for the borrower indicated that the loan would help retain 14 existing jobs. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. If you need to find money for a business, 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: SBA Participating Banks in Atlanta, Georgia
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