Sterling Bank Provides SBA Loan to Buy Doubledave's Pizzaworks Franchise

Need a loan to purchase a Doubledave's Pizzaworks franchise? Sterling Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Katy, Texas needed money to invest in a Doubledave's Pizzaworks franchise back in 2003. Sterling Bank issued an SBA franchise loan. Here are the details on this Texas small business loan.

SBA Loan Borrower

SOUL MATES INC.
KATY, TX 77450

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

722110 - Full-Service Restaurants

Loan Approval Date

1/6/2003

Loan Approval Gross Amount

$213,900

Loan Approval from the SBA

Of the total $213,900 loan amount, the SBA guaranteed $160,425.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Doubledave's Pizzaworks franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the borrowed money would help create 25 new jobs.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

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.

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