Houston, TX Entrepreneur Gets SBA Loan to Buy Nestle Toll House By Chip Franchise

Need a loan to buy a Nestle Toll House By Chip franchise? Trustmark National Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Nestle Toll House By Chip franchise? If so, here's a 2001 SBA franchise loan that you should know about. Trustmark National Bank was the lender and the entrepreneur was based in Houston, Texas.

SBA Loan Borrower

NESTLE TOLL HOUSE CAFE BY CHIP
HOUSTON, TX 77068

SBA Loan Lender

TRUSTMARK NATIONAL BANK
106 GOVERNMENT ST
BRANDON, MS 39042

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5461 - Retail Bakeries

NAICS Code

445291 - Baked Goods Stores

Loan Approval Date

11/30/2001

Loan Approval Gross Amount

$224,200

Loan Approval from the SBA

Of the total $224,200 loan amount, the SBA guaranteed $168,150.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Nestle Toll House By Chip franchise. At the time of the loan, the company had 35 employees. The loan application did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? 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:

Business Line of Credit

SBA 7A Banks for Brandon, Mississippi Loans

SBA Participating Banks in Mississippi