Borrow Money to Buy a Big Town Hero Franchise

Need money to invest in a Big Town Hero franchise? Inter National Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Big Town Hero franchise? If so, here's a 2006 SBA franchise loan that you should know about. Inter National Bank was the lender and the entrepreneur was based in El Paso, Texas.

SBA Loan Borrower

BIG TOWN HERO
EL PASO, TX 79902

SBA Loan Lender

INTER NATIONAL BANK
1790 LEE TREVINO DR, STE 100
EL PASO, TX 79901

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

3/3/2006

Loan Approval Gross Amount

$130,000

Loan Approval from the SBA

Of the total $130,000 loan amount, the SBA guaranteed $110,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Big Town Hero franchise. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees.

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

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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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Small Bank Loans in El Paso, Texas

Getting an SBA Loan in Texas