Frisco, TX Entrepreneur Gets SBA Loan to Buy Hungry Howie's Franchise

Need a loan to invest in a Hungry Howie's franchise? United Central Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Hungry Howie's franchise may simply require a phone call to a local SBA banker. In 2006, United Central Bank issued an SBA franchise loan to an entrepreneur in Frisco, Texas. Because Hungry Howie's was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis.

SBA Loan Borrower

HUNGRY HOWIE'S PIZZA + SUBS #1
FRISCO, TX 75035

SBA Loan Lender

UNITED CENTRAL BANK
4555 W WALNUT ST
GARLAND, TX 75042

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

12/21/2006

Loan Approval Gross Amount

$166,900

Loan Approval from the SBA

Of the total $166,900 loan amount, the SBA guaranteed $125,175.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Hungry Howie's franchise. At the time of the loan, the company had only one employee. This SBA loan request indicated that the loan would help generate 5 new jobs and retain 6 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like United Central Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Hungry Howie's Pizza & Subs

Role of Business Plan When Raising Money

Who Lends Money to Small Businesses in Garland, Texas

Texas SBA 7A Lenders