Texas Entrepreneur Secures Financing to Buy Nestle Toll House Cafe Franchise

Borrowing money to purchase a Nestle Toll House Cafe franchise? Regions Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Nestle Toll House Cafe franchise shouldn't be too tough. In 2003, Regions Bank issued an SBA franchise loan to an entrepreneur in Houston, Texas. Because Nestle Toll House Cafe was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis.

SBA Loan Borrower

NESTLE TOLL HOUSE&AUNTIE ANNIE
HOUSTON, TX 77032

SBA Loan Lender

REGIONS BANK
1751 CONGRESSMAN DICKINSON DR
MONTGOMERY, AL 36109

This lender issued this SBA small business loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5499 - Food Stores

NAICS Code

722310 - Food Service Contractors

Loan Approval Date

11/3/2003

Loan Approval Gross Amount

$257,500

Loan Approval from the SBA

Of the total $257,500 loan amount, the SBA guaranteed $193,125.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Nestle Toll House Cafe franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the small business promised 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?

Many small businesses receive loans backed by the U.S. Small Business Administration.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Nestle Toll House Cafe by Chip

Small Business Loan

Best Banks in Montgomery, Alabama

Getting an SBA Loan in Alabama