Loan to Buy Williams Chicken Franchise Issued By Austin Bank Texas

Need money to invest in a Williams Chicken franchise? Austin Bank Texas has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Nacogdoches, Texas needed money to invest in a Williams Chicken franchise back in 2005. Austin Bank Texas issued an SBA franchise loan. Here are the details on this Texas small business loan.

SBA Loan Borrower

WILLIAMS CHICKEN 55
NACOGDOCHES, TX 75965

SBA Loan Lender

AUSTIN BANK TEXAS
200 E COMMERCE ST
JACKSONVILLE, TX 75766

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

5/9/2005

Loan Approval Gross Amount

$80,000

Loan Approval from the SBA

Of the total $80,000 loan amount, the SBA guaranteed $68,000.

More Information on This SBA Loan

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

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Austin Bank Texas had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Austin Bank Texas made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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