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April 28, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Houston, Business Loans > Sterling Bank Houston Business Loans > Camille's Sidewalk Cafe Loan | ||||
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Where to Get a Business Loan to Purchase a Franchise
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Texas Entrepreneur Secures Financing to Buy Camille's Sidewalk Cafe FranchiseBorrowing money to purchase a Camille's Sidewalk Cafe franchise? Sterling Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Spring, Texas needed money to invest in a Camille's Sidewalk Cafe franchise back in 2004. Sterling Bank issued an SBA franchise loan. Here are the details on this Texas small business loan. SBA Loan Borrower CAMILLE'S SIDEWALK CAFE SBA Loan Lender STERLING BANK This lender provides SBA debt financing as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 3/11/2004 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Camille's Sidewalk Cafe franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the loan would help generate 23 new jobs and retain 1 existing job. Next Steps for Getting an SBA Loan 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. If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Sterling Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Who Lends Money to Small Businesses in Houston, Texas
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