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April 25, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Montgomery, Business Loans > Regions Bank Montgomery Business Loans > Murphy's Deli Loan | ||||
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Regions Bank Franchise Business Loans
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Regions Bank Provides SBA Loan to Buy Murphy's Deli FranchiseNeed money to purchase a Murphy's Deli franchise? Regions Bank has a history of making these loans and they are guaranteed by the SBA. Murphy's Deli franchise loans are available to Houston, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Regions Bank, based in Montgomery, Alabama, issued an SBA franchise loan for a Murphy's Deli franchise in 2003. We've got all the details on this Texas small business loan. SBA Loan Borrower MURPHY'S DELI SBA Loan Lender REGIONS BANK This was a Low Documentation SBA loan. The SBA created this program to limit the paperwork associated with borrowing money. The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 311991 - Perishable Prepared Food Manufacturing Loan Approval Date 10/29/2003 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Murphy's Deli franchise. At the time of the loan, the company had 4 employees. The SBA loan documents did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? If you are interested in getting money to start a business or need money for an existing business, an SBA loan can be a great source of funding. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Best Banks in Montgomery, Alabama
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