 |
 |
November 21, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Texas Business Loan Sources > San Antonio, Business Loans > The Frost National Bank San Antonio Business Loans > New York Pizzeria Loan | ||||
 |
||||
Advice for Financing a Franchise
|
||||
 |
Texas Entrepreneur Secures Financing to Buy New York Pizzeria FranchiseNeed money to buy a New York Pizzeria franchise? The Frost National Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a New York Pizzeria franchise? If so, here's a 2004 SBA franchise loan that you should know about. The Frost National Bank was the lender and the entrepreneur was based in Katy, Texas. SBA Loan Borrower NEW YORK PIZZERIA SBA Loan Lender THE FROST NATIONAL BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 7/15/2004 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a New York Pizzeria franchise. At the time of the loan, the company had 10 employees. The SBA loan documents did not indicate that the company 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? SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. We've showcased information on this loan to let you know that businesses like yours 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: SBA 7A Banks in San Antonio, Texas
|
|
||
|
||||
|
|
||||