First Comm. Bank Provides SBA Loan to Buy Huddle House Franchise

Borrowing money to buy a Huddle House franchise? First Comm. Bank has a history of making these loans and they are guaranteed by the SBA.

Huddle House franchise loans are available to Seguin, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, First Comm. Bank, based in Seguin, Texas, issued an SBA franchise loan for a Huddle House franchise in 2000. We've got all the details on this Texas small business loan.

SBA Loan Borrower

HUDDLE HOUSE RESTAURANT
SEGUIN, TX 78155

SBA Loan Lender

FIRST COMM. BANK
1336 E COURT ST
SEGUIN, TX 78155

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

Loan Approval Date

3/3/2000

Loan Approval Gross Amount

$922,000

Loan Approval from the SBA

Of the total $922,000 loan amount, the SBA guaranteed $691,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Huddle House franchise. At the time of the loan, the company had 33 employees. The SBA loan application for the borrower indicated that the loan would help generate 33 new jobs and retain 33 existing jobs.

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

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.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like First Comm. Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Huddle House, Inc.

Choosing VC Firms

SBA Participating Banks in Seguin, Texas

Getting a Business Loan in Texas