San Antonio, TX Entrepreneur Gets SBA Loan to Buy La Paletera Franchise

Borrowing money to purchase a La Paletera franchise? Broadway National Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a La Paletera franchise shouldn't be too tough. In 2005, Broadway National Bank issued an SBA franchise loan to an entrepreneur in San Antonio, Texas. Because La Paletera was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis.

SBA Loan Borrower

LA PALETERA
SAN ANTONIO, TX 78258

SBA Loan Lender

BROADWAY NATIONAL BANK
1177 NE LOOP 410
SAN ANTONIO, TX 78209

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

9/27/2005

Loan Approval Gross Amount

$452,000

Loan Approval from the SBA

Of the total $452,000 loan amount, the SBA guaranteed $339,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a La Paletera franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 4 existing jobs.

Start the Process for Getting an SBA Loan Today!

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.

We can help you find the best banks for small businesses in San Antonio 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.

Related Links:

La Paletera Franchise Systems, Inc.

Accountant's Role in Securing Financing

SBA Banks in San Antonio, Texas

SBA Participating Banks in Texas