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November 15, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Wichita Falls, Business Loans > American National Bank Wichita Falls Business Loans > El Chico #269 Loan | ||||
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Best Banks for Mount Pleasant, Texas Small Business Owners
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Mount Pleasant, TX Entrepreneur Gets SBA Loan to Buy El Chico Restaurant FranchiseBorrowing money to purchase an El Chico Restaurant franchise? American National Bank has a history of making these loans and they are guaranteed by the SBA. If you live near Mount Pleasant, Texas and are interested in buying an El Chico Restaurant franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2007 by American National Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower EL CHICO #269 SBA Loan Lender AMERICAN NATIONAL BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 8/28/2007 Loan Approval Gross Amount $681,000 Loan Approval from the SBA Of the total $681,000 loan amount, the SBA guaranteed $510,750. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy an El Chico Restaurant franchise. At the time of the loan, the company had 63 employees. The SBA loan documents indicated that the borrowed money would help create 63 new jobs. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. We can help you find the best banks for small businesses in Mount Pleasant or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Small Business Banks in Wichita Falls, Texas
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