Loan to Buy Candy Bouquet,Inc Franchise Issued By Inter National Bank

Need money to buy a Candy Bouquet,Inc franchise? Inter National Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Mission, Texas needed money to invest in a Candy Bouquet,Inc franchise back in 2004. Inter National Bank issued an SBA franchise loan. Here are the details on this Texas small business loan.

SBA Loan Borrower

CANDY BOUQUET & SWEETS
MISSION, TX 78572

SBA Loan Lender

INTER NATIONAL BANK
1801 S 2ND ST
MCALLEN, TX 78503

This was a Low Documentation SBA loan. The SBA started this program to limit the paperwork associated with borrowing money. The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445292 - Confectionery and Nut Stores

Loan Approval Date

5/4/2004

Loan Approval Gross Amount

$60,000

Loan Approval from the SBA

Of the total $60,000 loan amount, the SBA guaranteed $51,000.

More Information on This SBA Loan

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

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $60,000 loan. Remember, you control your own destiny.

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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