Arkansas Entrepreneur Secures Financing to Buy Steak Escape Franchise

Need a loan to buy a Steak Escape franchise? Comerica Bank-Texas has a history of making these loans and they are guaranteed by the SBA.

Steak Escape franchise loans are available to Fort Smith, Arkansas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Comerica Bank-Texas, based in Dallas, Texas, issued an SBA franchise loan for a Steak Escape franchise in 2003. We've got all the details on this Arkansas small business loan.

SBA Loan Borrower

STEAK ESCAPE
FORT SMITH, AR 72903

SBA Loan Lender

COMERICA BANK-TEXAS
1508 W MOCKINGBIRD LN
DALLAS, TX 75235

This lender issued this business loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

721110 - Hotels and Motels

Loan Approval Date

3/10/2003

Loan Approval Gross Amount

$188,000

Loan Approval from the SBA

Of the total $188,000 loan amount, the SBA guaranteed $141,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Steak Escape franchise. At the time of the loan, the company had 60 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

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 $188,000 loan. Remember, fight for what you want, and it will be yours!

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:

Obtaining Funding - How to Borrow Money

Find an SBA Lender in Dallas, Texas

Texas SBA Bank Lenders