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March 29, 2024  
 
 
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Where to Get a Business Loan to Purchase a Franchise

 

 
Loan Census SBA Loan Info

Borrow Money to Buy a Pretzel Time Franchise

Need money to invest in a Pretzel Time franchise? United Central Bank has a history of making these loans and they are guaranteed by the SBA.

Pretzel Time franchise loans are available to Grapevine, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, United Central Bank, based in Garland, Texas, issued an SBA franchise loan for a Pretzel Time franchise in 2005. We've got all the details on this Texas small business loan.

SBA Loan Borrower

CHHS INC.DBA PRETZEL TIME DFW
GRAPEVINE, TX 76051

SBA Loan Lender

UNITED CENTRAL BANK
4555 W WALNUT ST
GARLAND, TX 75042

This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

8/30/2005

Loan Approval Gross Amount

$199,700

Loan Approval from the SBA

Of the total $199,700 loan amount, the SBA guaranteed $149,775.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Pretzel Time franchise. At the time of the loan, the company had 4 employees. The SBA loan documents indicated that the loan would help retain 4 existing jobs.

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

SBA loans provide smart, affordable business financing for small businesses looking to expand.

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 United Central 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:

Pretzel Time

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Find an SBA Lender in Garland, Texas

SBA Lenders in Texas