Missouri City, TX Entrepreneur Gets SBA Loan to Buy Doubledave's Pizzaworks Franchise

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

Getting money to buy a Doubledave's Pizzaworks franchise may simply require a phone call to a local SBA banker. In 2004, Sterling Bank issued an SBA franchise loan to an entrepreneur in Missouri City, Texas. Because Doubledave's Pizzaworks was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis.

SBA Loan Borrower

DOUBLEDAVE'S PIZZAWORKS
MISSOURI CITY, TX 77459

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

3/8/2004

Loan Approval Gross Amount

$294,700

Loan Approval from the SBA

Of the total $294,700 loan amount, the SBA guaranteed $221,025.

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 3 employees. This SBA loan request indicated that the borrowed money would help create 30 new jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you are working on finding money to start a business in Missouri City TX, you ought to talk with a local Missouri City SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Missouri City businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Sterling Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

DoubleDave's Pizzaworks Systems

Small Business Credit Cards

SBA Participating Banks in Houston, Texas

Texas SBA Bank Lenders