Texstar National Bank Provides SBA Loan to Buy Papa Murphy's Take & Bake Pizza Franchise

Borrowing money to invest in a Papa Murphy's Take & Bake Pizza franchise? Texstar National Bank has a history of making these loans and they are guaranteed by the SBA.

Papa Murphy's Take & Bake Pizza franchise loans are available to New Braunfels, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Texstar National Bank, based in Universal City, Texas, issued an SBA franchise loan for a Papa Murphy's Take & Bake Pizza franchise in 2007. We've got all the details on this Texas small business loan.

SBA Loan Borrower

K & R PIZZA INC
NEW BRAUNFELS, TX 78130

SBA Loan Lender

TEXSTAR NATIONAL BANK
600 PAT BOOKER RD
UNIVERSAL CITY, TX 78148

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

11/16/2007

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $150,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Papa Murphy's Take & Bake Pizza franchise. At the time of the loan, the company had 15 employees. The SBA loan application for the borrower indicated that the funding would help create 15 new jobs.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

We can help you find the best banks for small businesses in New Braunfels 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.

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