Sterling Bank Provides SBA Loan to Buy Fox's Pizza Den Franchise

Need money to buy a Fox's Pizza Den franchise? Sterling Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Magnolia, Texas needed money to invest in a Fox's Pizza Den franchise back in 2000. Sterling Bank issued an SBA franchise loan. Here are the details on this Texas small business loan.

SBA Loan Borrower

FOX'S PIZZA
MAGNOLIA, TX 77355

SBA Loan Lender

STERLING BANK
855 FM 1960 WEST
HOUSTON, TX 77090

This lender issued this particular SBA loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

Loan Approval Date

2/24/2000

Loan Approval Gross Amount

$77,000

Loan Approval from the SBA

Of the total $77,000 loan amount, the SBA guaranteed $61,600.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Fox's Pizza Den franchise. At the time of the loan, the company had only one employee. The loan application did not indicate that the business planned to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

Don't forget. To get an SBA loan, you must 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.

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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