Loan to Buy Great American Cookie Company Franchise Issued By Austin Bank Texas

Need money to buy a Great American Cookie Company franchise? Austin Bank Texas has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Rusk, Texas needed money to invest in a Great American Cookie Company 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

GREAT AMERICAN COOKIE COMPANY
RUSK, TX 75785

SBA Loan Lender

AUSTIN BANK TEXAS
401 MAIN ST
RUSK, TX 75785

This small business loan was issued under the SBA's Certified Lenders Program (CLP), which means that the lender has a successful SBA lending track record and a thorough understanding of SBA loan requirements.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445291 - Baked Goods Stores

Loan Approval Date

1/20/2005

Loan Approval Gross Amount

$328,500

Loan Approval from the SBA

Of the total $328,500 loan amount, the SBA guaranteed $246,375.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Great American Cookie Company franchise. At the time of the loan, the company had 100 employees. The loan application did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Austin Bank Texas and they will explain how you can get an SBA loan for your company.

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:

Great American Cookie Inc.

Business Credit Evaluation

SBA 7A Banks in Rusk, Texas

Getting a Business Loan in Texas