Texas Entrepreneur Secures Financing to Buy Nestle Toll House By Chip Franchise

Need a loan to buy a Nestle Toll House By Chip franchise? Washington Mutual Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Nestle Toll House By Chip franchise? If so, here's a 2000 SBA franchise loan that you should know about. Washington Mutual Bank was the lender and the entrepreneur was based in Frisco, Texas.

SBA Loan Borrower

NESTLE TOLLHOUSE BY CHIP-STONE
FRISCO, TX 75034

SBA Loan Lender

WASHINGTON MUTUAL BANK
2273 N GREEN VALLEY PKWY, STE
HENDERSON, NV 89014

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

Loan Approval Date

8/23/2000

Loan Approval Gross Amount

$175,000

Loan Approval from the SBA

Of the total $175,000 loan amount, the SBA guaranteed $131,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Nestle Toll House By Chip franchise. At the time of the loan, the company had 10 employees. This SBA loan request indicated that the loan would help create 10 new jobs.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

This SBA loan was for $175,000. How would you spend $175,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Business Cash Advances

Banks in Henderson, Nevada

Getting an SBA Loan in Nevada