Texas Entrepreneur Secures Financing to Buy Wetzel's Pretzel Franchise
Borrowing money to purchase a Wetzel's Pretzel franchise? Metrobank has a history of making these loans and they are guaranteed by the SBA.
If you live near Houston, Texas and are interested in buying a Wetzel's Pretzel franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2004 by Metrobank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.
SBA Loan Borrower
HOUSTON, TX 77056
SBA Loan Lender
9600 BELLAIRE BLVD
HOUSTON, TX 77036
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.
445291 - Baked Goods Stores
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $220,000 loan amount, the SBA guaranteed $165,000.
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 only one employee. The loan application indicated that the loan would help retain 4 existing jobs.
Getting an SBA Loan For Your Business
SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.
This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you need money to buy a business? 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.
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