Borrow Money to Buy a Grandy's Franchise

Need a loan to purchase a Grandy's franchise? Compass Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Fort Worth, Texas needed money to invest in a Grandy's franchise back in 2000. Compass Bank issued an SBA franchise loan. Here are the details on this Texas small business loan.

SBA Loan Borrower

TIMEOUT C-STORE
FORT WORTH, TX 76137

SBA Loan Lender

COMPASS BANK
15 S 20TH ST
BIRMINGHAM, AL 35233

This lender provides SBA small business 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.

SIC Code

5541 - Gasoline Service Stations

Loan Approval Date

9/29/2000

Loan Approval Gross Amount

$1,426,300

Loan Approval from the SBA

Of the total $1,426,300 loan amount, the SBA guaranteed $788,601.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Grandy's franchise. At the time of the loan, the company had 6 employees. The SBA loan documents indicated that the loan would help generate 3 new jobs and retain 6 existing jobs.

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

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Grandy's, Inc.

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SBA Lenders in Alabama