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November 23, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Corpus Christi, Business Loans > Amer Bank Corpus Christi Business Loans > My Favorite Muffin Loan | ||||
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Best Banks for Franchise Loans in Texas
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Texas Entrepreneur Secures Financing to Buy My Favorite Muffin FranchiseBorrowing money to purchase a My Favorite Muffin franchise? Amer Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a My Favorite Muffin franchise? If so, here's a 2004 SBA franchise loan that you should know about. Amer Bank was the lender and the entrepreneur was based in Corpus Christi, Texas. SBA Loan Borrower MY FAVORITE MUFFIN SBA Loan Lender AMER BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 722211 - Limited-Service Restaurants Loan Approval Date 7/13/2004 Loan Approval Gross Amount $128,000 Loan Approval from the SBA Of the total $128,000 loan amount, the SBA guaranteed $64,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a My Favorite Muffin franchise. At the time of the loan, the company had 8 employees. The loan application indicated that the loan would help generate 8 new jobs and retain 8 existing jobs. Getting an SBA Loan For Your Business SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Obtaining Funding - Friends and Family Best Banks for Small Business in Corpus Christi, Texas Where to Get an SBA Loan Texas
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