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April 28, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Lubbock, Business Loans > Peoples Bank Lubbock Business Loans > Baker Bros American Deli Loan | ||||
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Where to Get a Bank Loan to Purchase a Franchise
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Texas Entrepreneur Secures Financing to Buy Baker Bros. American Deli FranchiseNeed money to invest in a Baker Bros. American Deli franchise? Peoples Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Baker Bros. American Deli franchise? If so, here's a 2007 SBA franchise loan that you should know about. Peoples Bank was the lender and the entrepreneur was based in Lubbock, Texas. SBA Loan Borrower BAKER BROS AMERICAN DELI SBA Loan Lender PEOPLES BANK Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 2/16/2007 Loan Approval Gross Amount $475,000 Loan Approval from the SBA Of the total $475,000 loan amount, the SBA guaranteed $332,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Baker Bros. American Deli franchise. At the time of the loan, the company had 30 employees. This SBA loan request indicated that the loan would help generate 30 new jobs. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Dealing With Venture Capitalists SBA Participating Banks in Lubbock, Texas Browse All Business Loan Sources for Texas
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