Small Business Loan Source LLC Provides SBA Loan to Buy Nestle Toll House By Chip Franchise

Need money to buy a Nestle Toll House By Chip franchise? Small Business Loan Source LLC has a history of making these loans and they are guaranteed by the SBA.

If you live near Chattanooga, Tennessee and are interested in buying a Nestle Toll House By Chip franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2006 by Small Business Loan Source LLC. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

NESTLE TOLL HOUSE CAFE BY CHIP
CHATTANOOGA, TN 37421

SBA Loan Lender

SMALL BUSINESS LOAN SOURCE LLC
9801 WESTHEIMER RD #1100
HOUSTON, TX 77056

This lender provides SBA business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

8/2/2006

Loan Approval Gross Amount

$219,000

Loan Approval from the SBA

Of the total $219,000 loan amount, the SBA guaranteed $164,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Nestle Toll House By Chip franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the funding would help create 14 new jobs.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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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