Fidelity Bank Provides SBA Loan to Buy Fish City Grill Franchise

Need money to purchase a Fish City Grill franchise? Fidelity Bank has a history of making these loans and they are guaranteed by the SBA.

Fish City Grill franchise loans are available to Westlake, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Fidelity Bank, based in Plano, Texas, issued an SBA franchise loan for a Fish City Grill franchise in 2005. We've got all the details on this Texas small business loan.

SBA Loan Borrower

FISH CITY GRILL
WESTLAKE, TX 76262

SBA Loan Lender

FIDELITY BANK
5049 W PARK BLVD
PLANO, TX 75093

This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

12/5/2005

Loan Approval Gross Amount

$320,000

Loan Approval from the SBA

Of the total $320,000 loan amount, the SBA guaranteed $240,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Fish City Grill franchise. At the time of the loan, the company had 80 employees. This SBA loan request did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees.

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

If you need money to start a business or already have a business and need money to expand, an SBA loan can be a great source of funding.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Fish City Grill

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Banks in Plano, Texas

Texas SBA Banks