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April 25, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Fort Worth, Business Loans > Southwest Bank Fort Worth Business Loans > Taco Casa Loan | ||||
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Good Sources for Gainesville SBA Loans
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Southwest Bank Provides SBA Loan to Buy Taco Casa FranchiseBorrowing money to buy a Taco Casa franchise? Southwest Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Gainesville, Texas needed money to invest in a Taco Casa franchise back in 2003. Southwest Bank issued an SBA franchise loan. Here are the details on this Texas small business loan. SBA Loan Borrower TACO CASA SBA Loan Lender SOUTHWEST BANK This lender provides SBA business loans 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 722211 - Limited-Service Restaurants Loan Approval Date 6/4/2003 Loan Approval Gross Amount $148,800 Loan Approval from the SBA Of the total $148,800 loan amount, the SBA guaranteed $126,480. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Taco Casa franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help generate 29 new jobs and retain 1 existing job. Great, But How Can I Get an SBA Loan for My Business? Many small businesses receive loans backed by the U.S. Small Business Administration. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Southwest Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Small Bank Loans in Fort Worth, Texas SBA Participating Banks in Texas
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