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November 23, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Amarillo, Business Loans > Herring Bank Amarillo Business Loans > Lunch Mony, Inc. Loan | ||||
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Banks for Fort Worth, Texas Small Businesses
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Borrow Money to Buy a Jason's Deli FranchiseNeed money to purchase a Jason's Deli franchise? Herring Bank has a history of making these loans and they are guaranteed by the SBA. Jason's Deli franchise loans are available to Fort Worth, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Herring Bank, based in Amarillo, Texas, issued an SBA franchise loan for a Jason's Deli franchise in 2003. We've got all the details on this Texas small business loan. SBA Loan Borrower LUNCH MONY, INC. SBA Loan Lender HERRING BANK This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 12/8/2003 Loan Approval Gross Amount $1,525,000 Loan Approval from the SBA Of the total $1,525,000 loan amount, the SBA guaranteed $999,988. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Jason's Deli franchise. At the time of the loan, the company had 15 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? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Herring Bank and they will explain how you can get an SBA loan for your company. 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: SBA 7A Banks for Amarillo, Texas Loans
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