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November 21, 2024 |
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| Home > Small Business Lenders by State > Louisiana Business Loan Sources > Houston, Business Loans > Small Business Loan Source LLC Houston Business Loans > Daigle's Restaurants, LLC Loan | ||||
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Business Loans for Houma Entrepreneurs
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Small Business Loan Source LLC Provides SBA Loan to Buy Arby's FranchiseNeed money to buy an Arby's franchise? Small Business Loan Source LLC has a history of making these loans and they are guaranteed by the SBA. Getting money to buy an Arby's franchise shouldn't be overly burdensome. In 2007, Small Business Loan Source LLC issued an SBA franchise loan to an entrepreneur in Houma, Louisiana. Because Arby's was registered with the SBA's registry of franchises, this Louisiana small business loan was issued on an expedited basis. SBA Loan Borrower DAIGLE'S RESTAURANTS, LLC SBA Loan Lender SMALL BUSINESS LOAN SOURCE LLC 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. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 9/27/2007 Loan Approval Gross Amount $1,256,000 Loan Approval from the SBA Of the total $1,256,000 loan amount, the SBA guaranteed $942,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy an Arby's franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower indicated that the loan would help generate 32 new jobs and retain 3 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide smart, affordable business financing for small businesses looking to expand. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $1,256,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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 Participating Banks in Houston, Texas
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