Victoria, TX Entrepreneur Gets SBA Loan to Buy Mr. Gatti's Franchise

Need a loan to buy a Mr. Gatti's franchise? Prosperity Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Mr. Gatti's franchise? If so, here's a 2000 SBA franchise loan that you should know about. Prosperity Bank was the lender and the entrepreneur was based in Victoria, Texas.

SBA Loan Borrower

MR. GATTI'S PIZZA
VICTORIA, TX 77901

SBA Loan Lender

PROSPERITY BANK
1301 N MECHANIC
EL CAMPO, TX 77437

This lender issued this particular SBA bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

Loan Approval Date

1/20/2000

Loan Approval Gross Amount

$80,000

Loan Approval from the SBA

Of the total $80,000 loan amount, the SBA guaranteed $64,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Mr. Gatti's franchise. At the time of the loan, the company had 18 employees. The loan application did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $80,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Borrowing Money from Friends and Family

SBA 7A Banks for El Campo, Texas Loans

Getting a Business Loan in Texas