Mansfield, TX Entrepreneur Gets SBA Loan to Buy Captain D's Seafood Restaurants Franchise

Need a loan to invest in a Captain D's Seafood Restaurants franchise? Jpmorgan Chase Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Mansfield, Texas needed money to invest in a Captain D's Seafood Restaurants franchise back in 2002. Jpmorgan Chase Bank issued an SBA franchise loan. Here are the details on this Texas small business loan.

SBA Loan Borrower

CAPTAIN D'S
MANSFIELD, TX 76063

SBA Loan Lender

JPMORGAN CHASE BANK
811 RUSK ST., 16TH FL
HOUSTON, TX 77002

This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

8/30/2002

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $187,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Captain D's Seafood Restaurants franchise. At the time of the loan, the company had 80 employees. This SBA loan request indicated that the loan would help generate 19 new jobs and retain 99 existing jobs.

Getting an SBA Loan For Your Business

Don't apply for a loan directly with the SBA. You need to 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.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Captain D's

Determining Proper Capital Structure for a Business

Banks in Houston, Texas

SBA Participating Banks in Texas