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April 28, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > San Antonio, Business Loans > The Frost National Bank San Antonio Business Loans > Bhatia Judy Investments, Inc. Dba Paciugo Loan | ||||
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The Frost National Bank Small Business Franchise Loan
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The Frost National Bank Provides SBA Loan to Buy Paciugo Italian Gelato Renaissance FranchiseNeed a loan to invest in a Paciugo Italian Gelato Renaissance franchise? The Frost National Bank has a history of making these loans and they are guaranteed by the SBA. If you live near Austin, Texas and are interested in buying a Paciugo Italian Gelato Renaissance franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2007 by The Frost National Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower BHATIA JUDY INVESTMENTS, INC. DBA PACIUGO SBA Loan Lender THE FROST NATIONAL BANK 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. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 8/29/2007 Loan Approval Gross Amount $191,000 Loan Approval from the SBA Of the total $191,000 loan amount, the SBA guaranteed $143,250. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Paciugo Italian Gelato Renaissance franchise. At the time of the loan, the company had only one employee. This SBA loan request indicated that the loan would help create 8 new jobs. Next Steps for Getting an SBA Loan If you are raising money in Austin TX, you ought to talk with a local Austin SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Austin businesses. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: Good Banks for Small Business in San Antonio, Texas
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