Borrow Money to Buy a Dickey's Barbeque Franchise

Borrowing money to purchase a Dickey's Barbeque franchise? Sterling Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Dickey's Barbeque franchise shouldn't be too tough. In 2003, Sterling Bank issued an SBA franchise loan to an entrepreneur in Wylie, Texas. Because Dickey's Barbeque was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis.

SBA Loan Borrower

DICKEY'S BARBEQUE - WYLIE
WYLIE, TX 75098

SBA Loan Lender

STERLING BANK
12120 JONES RD
HOUSTON, TX 77070

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

8/29/2003

Loan Approval Gross Amount

$1,300,000

Loan Approval from the SBA

Of the total $1,300,000 loan amount, the SBA guaranteed $975,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Dickey's Barbeque franchise. At the time of the loan, the company had 20 employees. The SBA loan application for the borrower did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Sterling Bank and they will explain how you can get an SBA loan for your company.

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:

Dickey's Barbecue Restaurants, Inc.

Obtaining Funding - Friends and Family

Where to Get an SBA Loan in Houston, Texas

SBA Participating Banks in Texas