Commercial Bank Of Texas Provides SBA Loan to Buy Daylight Donut Shop Franchise

Need a loan to buy a Daylight Donut Shop franchise? Commercial Bank Of Texas has a history of making these loans and they are guaranteed by the SBA.

Daylight Donut Shop franchise loans are available to Nacogdoches, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Commercial Bank Of Texas, based in Nacogdoches, Texas, issued an SBA franchise loan for a Daylight Donut Shop franchise in 2001. We've got all the details on this Texas small business loan.

SBA Loan Borrower

DAYLIGHT DONUTS
NACOGDOCHES, TX 75961

SBA Loan Lender

COMMERCIAL BANK OF TEXAS
215 E MAIN
NACOGDOCHES, TX 75961

This lender issued this particular bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

311811 - Retail Bakeries

Loan Approval Date

5/14/2001

Loan Approval Gross Amount

$28,200

Loan Approval from the SBA

Of the total $28,200 loan amount, the SBA guaranteed $23,970.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Daylight Donut Shop franchise. At the time of the loan, the company had 7 employees. The SBA loan documents did not indicate that the company promised to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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:

Determining Proper Capital Structure for a Business

Banks in Nacogdoches, Texas

Texas SBA Bank Lenders