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November 15, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Houston, Business Loans > Prosperity Bank Houston Business Loans > La Paletera Loan | ||||
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Houston, Texas Bank Loan
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Texas Entrepreneur Secures Financing to Buy La Paletera FranchiseBorrowing money to purchase a La Paletera franchise? Prosperity Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a La Paletera franchise requires some effort but others before you have been successful. In 2004, Prosperity Bank issued an SBA franchise loan to an entrepreneur in Houston, Texas. Because La Paletera was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis. SBA Loan Borrower LA PALETERA SBA Loan Lender PROSPERITY BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 1/27/2004 Loan Approval Gross Amount $125,000 Loan Approval from the SBA Of the total $125,000 loan amount, the SBA guaranteed $93,750. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a La Paletera franchise. At the time of the loan, the company had 9 employees. The SBA loan documents did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $125,000 loan. Remember, fight for what you want, and it will be yours! 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: La Paletera Franchise Systems, Inc. Determining Proper Capital Structure for a Business SBA Participating Banks in Houston, Texas
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