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April 18, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Pasadena, Business Loans > Trustmark National Bank Pasadena Business Loans > Double Dave's Pizza Loan | ||||
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Requirements for Borrowing Money to Buy a Franchise
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Texas Entrepreneur Secures Financing to Buy Doubledave's Pizzaworks FranchiseNeed a loan to buy a Doubledave's Pizzaworks franchise? Trustmark National Bank has a history of making these loans and they are guaranteed by the SBA. If you live near Houston, Texas and are interested in buying a Doubledave's Pizzaworks franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2004 by Trustmark National Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower DOUBLE DAVE'S PIZZA SBA Loan Lender TRUSTMARK NATIONAL BANK The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide debt financing to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 9/10/2004 Loan Approval Gross Amount $400,000 Loan Approval from the SBA Of the total $400,000 loan amount, the SBA guaranteed $300,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Doubledave's Pizzaworks franchise. At the time of the loan, the company had 3 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. 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 $400,000 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. Related Links: DoubleDave's Pizzaworks Systems Obtaining Funding - How to Decide How Much to Raise
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