Community Bank Provides SBA Loan to Buy Dickey's Barbeque Franchise

Borrowing money to buy a Dickey's Barbeque franchise? Community Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Hurst, Texas needed money to invest in a Dickey's Barbeque franchise back in 2004. Community Bank issued an SBA franchise loan. Here are the details on this Texas small business loan.

SBA Loan Borrower

DICKEY'S BARBEQUE
HURST, TX 76054

SBA Loan Lender

COMMUNITY BANK
500 S MORGAN ST
GRANBURY, TX 76048

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan for a small business 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

722110 - Full-Service Restaurants

Loan Approval Date

11/1/2004

Loan Approval Gross Amount

$957,000

Loan Approval from the SBA

Of the total $957,000 loan amount, the SBA guaranteed $105,270.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Dickey's Barbeque franchise. At the time of the loan, the company had 39 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees.

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

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Dickey's Barbecue Restaurants, Inc.

How to Raise Money

Where to Get an SBA Loan in Granbury, Texas

Getting an SBA Loan in Texas