Texas Entrepreneur Secures Financing to Buy Doubledave's Pizzaworks Franchise

Borrowing money to buy a Doubledave's Pizzaworks franchise? Sterling Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Houston, Texas and are interested in buying a Doubledave's Pizzaworks franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2004 by Sterling Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

DOUBLEDAVE'S PIZZAWORKS
HOUSTON, TX 77077

SBA Loan Lender

STERLING BANK
2550 N LOOP WEST
HOUSTON, TX 77092

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

7/14/2004

Loan Approval Gross Amount

$270,000

Loan Approval from the SBA

Of the total $270,000 loan amount, the SBA guaranteed $202,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Doubledave's Pizzaworks franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the borrowed money would help create 15 new jobs.

Next Steps for Getting an SBA Loan

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

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

DoubleDave's Pizzaworks Systems

Obtaining Funding - Friends and Family

Small Bank Loans in Houston, Texas

Texas SBA 7A Lenders