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November 22, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > New York, Business Loans > Newtek Small Business Finance Inc. New York Business Loans > Super Suppers Loan | ||||
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Good Sources for Houston SBA Loans
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Texas Entrepreneur Secures Financing to Buy Super Suppers FranchiseNeed money to invest in a Super Suppers franchise? Newtek Small Business Finance Inc. 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 Super Suppers franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2005 by Newtek Small Business Finance Inc.. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower SUPER SUPPERS SBA Loan Lender NEWTEK SMALL BUSINESS FINANCE INC. This lender provides SBA guaranteed business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722320 - Caterers Loan Approval Date 11/30/2005 Loan Approval Gross Amount $122,500 Loan Approval from the SBA Of the total $122,500 loan amount, the SBA guaranteed $104,125. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Super Suppers franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help generate 5 new jobs and retain 2 existing jobs. Next Steps for Getting an SBA Loan SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $122,500 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Obtaining Funding - How to Borrow Money SBA 7A Banks in New York, New York
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