Loan to Buy Sheridan's Frozen Custard Franchise Issued By Hbank Texas

Need money to invest in a Sheridan's Frozen Custard franchise? Hbank Texas has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Dallas, Texas needed money to invest in a Sheridan's Frozen Custard franchise back in 2005. Hbank Texas issued an SBA franchise loan. Here are the details on this Texas small business loan.

SBA Loan Borrower

SHERIDAN'S FROZEN CUSTARD
DALLAS, TX 75248

SBA Loan Lender

HBANK TEXAS
4501 WILLIAM D TATE AVE
GRAPEVINE, TX 76051

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722213 - Snack and Nonalcoholic Beverage Bars

Loan Approval Date

11/10/2005

Loan Approval Gross Amount

$509,082

Loan Approval from the SBA

Of the total $509,082 loan amount, the SBA guaranteed $381,812.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Sheridan's Frozen Custard franchise. At the time of the loan, the company had 25 employees. The SBA loan documents did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $509,082 loan. Remember, feel the fear, and do it anyway.

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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