 |
 |
May 3, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Texas Business Loan Sources > Jacksonville, Business Loans > Austin Bank Texas Jacksonville Business Loans > Schlotzsky's Deli Loan | ||||
 |
||||
Requirements for Borrowing Money to Buy a Franchise
|
||||
 |
Borrow Money to Buy a Schlotzsky's Sandwich Shop FranchiseNeed money to purchase a Schlotzsky's Sandwich Shop franchise? Austin Bank Texas has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Schlotzsky's Sandwich Shop franchise is doable. In 2004, Austin Bank Texas issued an SBA franchise loan to an entrepreneur in Nacogdoches, Texas. Because Schlotzsky's Sandwich Shop was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis. SBA Loan Borrower SCHLOTZSKY'S DELI SBA Loan Lender AUSTIN BANK TEXAS This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 2/9/2004 Loan Approval Gross Amount $66,000 Loan Approval from the SBA Of the total $66,000 loan amount, the SBA guaranteed $56,100. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Schlotzsky's Sandwich Shop franchise. At the time of the loan, the company had 28 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees. 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. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $66,000 loan. Remember, where there is a will, there is a way! 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: SBA Participating Banks in Jacksonville, Texas
|
|
||
|
||||
|
|
||||