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April 29, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Mcallen, Business Loans > Texas State Bank Mcallen Business Loans > La Paletera Loan | ||||
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Banks for Franchise Loans in Texas
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Texas State Bank Provides SBA Loan to Buy La Paletera FranchiseNeed a loan to purchase a La Paletera franchise? Texas State Bank has a history of making these loans and they are guaranteed by the SBA. If you live near Pharr, Texas and are interested in buying a La Paletera franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2007 by Texas State Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower LA PALETERA SBA Loan Lender TEXAS STATE BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA business loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 6/21/2007 Loan Approval Gross Amount $210,800 Loan Approval from the SBA Of the total $210,800 loan amount, the SBA guaranteed $158,100. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a La Paletera franchise. At the time of the loan, the company had 9 employees. The loan application indicated that the loan would help retain 9 existing jobs. Start the Process for Getting an SBA Loan Today! SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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: La Paletera Franchise Systems, Inc. SBA Participating Banks in Mcallen, Texas
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