Texstar National Bank Provides SBA Loan to Buy Little Ceasar's Pizza Franchise

Borrowing money to buy a Little Ceasar's Pizza franchise? Texstar National Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Little Ceasar's Pizza franchise? If so, here's a 2002 SBA franchise loan that you should know about. Texstar National Bank was the lender and the entrepreneur was based in New Braunfels, Texas.

SBA Loan Borrower

LITTLE CAESARS
NEW BRAUNFELS, TX 78132

SBA Loan Lender

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

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

8/12/2002

Loan Approval Gross Amount

$147,000

Loan Approval from the SBA

Of the total $147,000 loan amount, the SBA guaranteed $124,950.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Little Ceasar's Pizza franchise. At the time of the loan, the company had 18 employees. The SBA loan application for the borrower did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

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

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Texstar National Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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