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December 18, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Houston, Business Loans > Sterling Bank Houston Business Loans > Limited-Service Restaurants Loan | ||||
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Business Loans for Dallas Small Business Owners
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Limited-Service Restaurants LoansLooking for loans for limited-service restaurants? Talk to a banker who works with the SBA. This $347,500 limited-service restaurants loan was issued by a Texas bank. This company received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Sterling Bank, out of Houston, Texas. The loan was granted and they received $347,500 to help grow their Dallas, Texas business. SBA Loan Borrower COMPANY TYPE: LIMITED-SERVICE RESTAURANTS SBA Loan Lender STERLING BANK This lender provides SBA guaranteed 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 1/5/2007 Loan Approval Gross Amount $347,500 Loan Approval from the SBA Of the total $347,500 loan amount, the SBA guaranteed $260,625. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 22 employees. This SBA loan request indicated that the borrowed money would help create 13 new jobs. Start the Process for Getting an SBA Loan Today! 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 SBA loan was for $347,500. How would you spend $347,500 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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:
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