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November 23, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Fort Worth, Business Loans > Southwest Bank Fort Worth Business Loans > Taco Casa Loan | ||||
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Good Sources for Denison SBA Loans
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Denison, TX Entrepreneur Gets SBA Loan to Buy Taco Casa FranchiseNeed money to invest in a Taco Casa franchise? Southwest Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Taco Casa franchise? If so, here's a 2004 SBA franchise loan that you should know about. Southwest Bank was the lender and the entrepreneur was based in Denison, Texas. SBA Loan Borrower TACO CASA SBA Loan Lender SOUTHWEST BANK This lender provides SBA guaranteed bank 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 722110 - Full-Service Restaurants Loan Approval Date 9/23/2004 Loan Approval Gross Amount $141,000 Loan Approval from the SBA Of the total $141,000 loan amount, the SBA guaranteed $119,850. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Taco Casa franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help generate 28 new jobs and retain 30 existing jobs. Start the Process for Getting an SBA Loan Today! SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: Best Banks for Small Business in Fort Worth, Texas
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