Texas Entrepreneur Secures Financing to Buy Grandy's Franchise

Need a loan to invest in a Grandy's franchise? Compass Bank has a history of making these loans and they are guaranteed by the SBA.

Grandy's franchise loans are available to Dallas, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Compass Bank, based in Fort Worth, Texas, issued an SBA franchise loan for a Grandy's franchise in 2000. We've got all the details on this Texas small business loan.

SBA Loan Borrower

GRANDY'S
DALLAS, TX 76021

SBA Loan Lender

COMPASS BANK
8875 HWY 80 WEST
FORT WORTH, TX 76116

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

5812 - Eating Places

Loan Approval Date

1/6/2000

Loan Approval Gross Amount

$572,500

Loan Approval from the SBA

Of the total $572,500 loan amount, the SBA guaranteed $429,375.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Grandy's franchise. At the time of the loan, the company had 58 employees. The loan application indicated that the loan would help generate 58 new jobs and retain 58 existing jobs.

Getting an SBA Loan For Your Business

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you have a business and need capital to get to the next level? 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.

Related Links:

Grandy's, Inc.

Choosing VC Firms

SBA Banks in Fort Worth, Texas

Getting a Business Loan in Texas