Westlake, TX Entrepreneur Gets SBA Loan to Buy Fish City Grill Franchise

Borrowing money to invest in 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

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA small business loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

12/6/2005

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. The loan application did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees.

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

Don't forget. To get an SBA loan, you must 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.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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.

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