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November 21, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Tilden, Business Loans > Snb Mcmullen Bank A Division - Tilden Business Loans > Golden Chick Loan | ||||
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Texas Small Business Funding for Franchises
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Loan to Buy Golden Chick Franchise Issued By Snb Mcmullen Bank A Division -Borrowing money to purchase a Golden Chick franchise? Snb Mcmullen Bank A Division - has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in San Antonio, Texas needed money to invest in a Golden Chick franchise back in 2003. Snb Mcmullen Bank A Division - issued an SBA franchise loan. Here are the details on this Texas small business loan. SBA Loan Borrower GOLDEN CHICK SBA Loan Lender SNB MCMULLEN BANK A DIVISION - SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 6519 - Lessors of Real Property NAICS Code 531190 - Lessors of Real Estate Property Loan Approval Date 6/12/2003 Loan Approval Gross Amount $1,002,000 Loan Approval from the SBA Of the total $1,002,000 loan amount, the SBA guaranteed $751,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Golden Chick franchise. At the time of the loan, the company had only one employee. The loan application did not indicate that the small business planned to use the money to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan If you need money to start a small business or need money to grow a business, an SBA loan can be a great source of funding. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Snb Mcmullen Bank A Division - had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Snb Mcmullen Bank A Division - 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. Related Links: Determining Proper Capital Structure for a Business Getting a Business Loan in Texas
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