El Paso, TX Entrepreneur Gets SBA Loan to Buy Candy Bouquet,Inc Franchise

Need a loan to buy a Candy Bouquet,Inc franchise? Gecu has a history of making these loans and they are guaranteed by the SBA.

If you live near El Paso, Texas and are interested in buying a Candy Bouquet,Inc franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2003 by Gecu. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

CHOZET'S CANDY BOUQUET
EL PASO, TX 79925

SBA Loan Lender

GECU
7227 VISCOUNT BLVD
EL PASO, TX 79925

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

453110 - Florists

Loan Approval Date

11/20/2003

Loan Approval Gross Amount

$91,500

Loan Approval from the SBA

Of the total $91,500 loan amount, the SBA guaranteed $45,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Candy Bouquet,Inc franchise. At the time of the loan, the company had 4 employees. This SBA loan request indicated that the loan would help generate 3 new jobs and retain 4 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $91,500 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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