Loan to Buy Paciugo Italian Gelato Renaissance Franchise Issued By Sterling Bank

Need money to buy a Paciugo Italian Gelato Renaissance franchise? Sterling Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Paciugo Italian Gelato Renaissance franchise requires some effort but others before you have been successful. In 2006, Sterling Bank issued an SBA franchise loan to an entrepreneur in Houston, Texas. Because Paciugo Italian Gelato Renaissance was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis.

SBA Loan Borrower

PACIUGO HOUSTON OF WEST UNIVER
HOUSTON, TX 77005

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

5/10/2006

Loan Approval Gross Amount

$251,100

Loan Approval from the SBA

Of the total $251,100 loan amount, the SBA guaranteed $188,325.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Paciugo Italian Gelato Renaissance franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the borrowed money would help create 6 new jobs.

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

Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Paciugo Italian Gelato

Angel Investors

SBA 7A Banks for Houston, Texas Loans

Texas SBA 7A Banks