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November 15, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Houston, Business Loans > Woodforest National Bank Houston Business Loans > Fish City Grill Loan | ||||
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Garland, Texas Bank Loan
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Loan to Buy Fish City Grill Franchise Issued By Woodforest National BankNeed money to invest in a Fish City Grill franchise? Woodforest National Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Fish City Grill franchise is doable. In 2005, Woodforest National Bank issued an SBA franchise loan to an entrepreneur in Garland, Texas. Because Fish City Grill was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis. SBA Loan Borrower FISH CITY GRILL SBA Loan Lender WOODFOREST NATIONAL BANK This lender provides SBA guaranteed bank 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. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 10/5/2005 Loan Approval Gross Amount $477,000 Loan Approval from the SBA Of the total $477,000 loan amount, the SBA guaranteed $357,750. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Fish City Grill franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the funding would help generate 35 new jobs. Next Steps for Getting an SBA Loan 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. This SBA loan was for $477,000. How would you spend $477,000 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:
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