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July 9, 2020  
 
 
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Loan Census SBA Loan Info

First Western Sblc, Inc Provides SBA Loan to Buy Wetzel's Pretzel Franchise

Need a loan to buy a Wetzel's Pretzel franchise? First Western Sblc, Inc has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Frisco, Texas needed money to invest in a Wetzel's Pretzel franchise back in 2000. First Western Sblc, Inc issued an SBA franchise loan. Here are the details on this Texas small business loan.

SBA Loan Borrower

WETZEL'S PRETZELS
FRISCO, TX 75034

SBA Loan Lender

FIRST WESTERN SBLC, INC
17950 PRESTON RD, STE 600,
DALLAS, TX 75252

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.

SIC Code

5812 - Eating Places

Loan Approval Date

6/16/2000

Loan Approval Gross Amount

$161,000

Loan Approval from the SBA

Of the total $161,000 loan amount, the SBA guaranteed $120,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Wetzel's Pretzel franchise. At the time of the loan, the company had 8 employees. The loan application indicated that the borrowed money would help generate 8 new jobs.

Next Steps for Getting an SBA Loan

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

We can help you find the best banks for small businesses in Frisco or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Wetzel's Pretzels

The Friends and Family Network

Small Business Banks in Dallas, Texas

Texas SBA 7A Banks