Plainscapital Bank Provides SBA Loan to Buy Bahama Buck's Franchise

Borrowing money to purchase a Bahama Buck's franchise? Plainscapital Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Bahama Buck's franchise may simply require a phone call to a local SBA banker. In 2004, Plainscapital Bank issued an SBA franchise loan to an entrepreneur in Slaton, Texas. Because Bahama Buck's was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis.

SBA Loan Borrower

BAHAMA BUCK'S- WACO
SLATON, TX 79364

SBA Loan Lender

PLAINSCAPITAL BANK
5010 UNIVERSITY AVE
LUBBOCK, TX 79413

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722213 - Snack and Nonalcoholic Beverage Bars

Loan Approval Date

4/9/2004

Loan Approval Gross Amount

$249,200

Loan Approval from the SBA

Of the total $249,200 loan amount, the SBA guaranteed $186,900.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Bahama Buck's franchise. At the time of the loan, the company had 3 employees. The SBA loan documents indicated that the loan would help generate 3 new jobs and retain 3 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to find money to start a business or already have a business and need money to expand, an SBA loan can be a great way to raise money

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $249,200 loan. Remember, fight for what you want, and it will be yours!

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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