Loan to Buy Bahama Buck's Franchise Issued By Amer National Bank - Texas

Borrowing money to purchase a Bahama Buck's franchise? Amer National Bank - Texas has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Bahama Buck's franchise may simply require a phone call to a local SBA banker. In 2004, Amer National Bank - Texas issued an SBA franchise loan to an entrepreneur in Rockwall, Texas. Because Bahama Buck's was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis.

SBA Loan Borrower

BAHAMA BUCK'S
ROCKWALL, TX 75087

SBA Loan Lender

AMER NATIONAL BANK - TEXAS
102 W MOORE
TERRELL, TX 75160

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

311520 - Ice Cream and Frozen Dessert Manufacturing

Loan Approval Date

5/14/2004

Loan Approval Gross Amount

$320,000

Loan Approval from the SBA

Of the total $320,000 loan amount, the SBA guaranteed $240,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Bahama Buck's franchise. At the time of the loan, the company had only one employee. The loan application indicated that the borrowed money would help generate 4 new jobs.

Next Steps for Getting an SBA Loan

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

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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