Houston, TX Entrepreneur Gets SBA Loan to Buy Clarke's Charcoal Broiler Franchise

Borrowing money to buy a Clarke's Charcoal Broiler franchise? Washington Mutual Bank has a history of making these loans and they are guaranteed by the SBA.

Clarke's Charcoal Broiler franchise loans are available to Houston, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Washington Mutual Bank, based in Henderson, Nevada, issued an SBA franchise loan for a Clarke's Charcoal Broiler franchise in 2000. We've got all the details on this Texas small business loan.

SBA Loan Borrower

FLEMING FOOD STORE
HOUSTON, TX 77013

SBA Loan Lender

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

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

447110 - Gasoline Stations with Convenience Stores

Loan Approval Date

11/15/2000

Loan Approval Gross Amount

$932,500

Loan Approval from the SBA

Of the total $932,500 loan amount, the SBA guaranteed $699,375.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Clarke's Charcoal Broiler franchise. At the time of the loan, the company had 6 employees. The loan application indicated that the loan would help retain 6 existing jobs.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

How Equity Dilution Works

SBA 7A Banks for Henderson, Nevada Loans

Nevada SBA Bank Lenders