Texas Entrepreneur Secures Financing to Buy Schoop's Hamburgers Franchise

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

Getting money to buy a Schoop's Hamburgers franchise may simply require a phone call to a local SBA banker. In 2006, Amegy Bank issued an SBA franchise loan to an entrepreneur in Magnolia, Texas. Because Schoop's Hamburgers was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis.

SBA Loan Borrower

SCHOOP'S
MAGNOLIA, TX 77354

SBA Loan Lender

AMEGY BANK
4400 POST OAK PKWY
HOUSTON, TX 77027

This lender provides SBA bank 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

722110 - Full-Service Restaurants

Loan Approval Date

5/9/2006

Loan Approval Gross Amount

$347,000

Loan Approval from the SBA

Of the total $347,000 loan amount, the SBA guaranteed $260,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Schoop's Hamburgers franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the funding would help generate 38 new jobs.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

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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