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April 17, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Grand Prairie, Business Loans > Grand Bank Of Texas Grand Prairie Business Loans > Full-Service Restaurants Loan | ||||
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Irving, Texas Bank for SBA Loans
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Full-Service Restaurants Small Business LoansLooking for small business loans for full-service restaurants? Try the SBA. This $1,022,000 full-service restaurants loan was issued by a Texas bank. This small firm received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Grand Bank Of Texas, out of Grand Prairie, Texas. The loan was granted and they received $1,022,000 to help grow their Irving, Texas business. SBA Loan Borrower COMPANY TYPE: FULL-SERVICE RESTAURANTS SBA Loan Lender GRAND BANK OF TEXAS 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. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 7/7/2003 Loan Approval Gross Amount $1,022,000 Loan Approval from the SBA Of the total $1,022,000 loan amount, the SBA guaranteed $766,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 82 employees. The loan application indicated that the loan would help retain 82 existing jobs. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: SBA Approved Banks in Grand Prairie, Texas
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