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May 2, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > San Antonio, Business Loans > Broadway National Bank San Antonio Business Loans > La Paletera Loan | ||||
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Tips for Borrowing Money to Buy a Franchise
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Loan to Buy La Paletera Franchise Issued By Broadway National BankNeed money to purchase a La Paletera franchise? Broadway National Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a La Paletera franchise? If so, here's a 2004 SBA franchise loan that you should know about. Broadway National Bank was the lender and the entrepreneur was based in San Antonio, Texas. SBA Loan Borrower LA PALETERA SBA Loan Lender BROADWAY NATIONAL BANK 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 722213 - Snack and Nonalcoholic Beverage Bars Loan Approval Date 3/23/2004 Loan Approval Gross Amount $120,000 Loan Approval from the SBA Of the total $120,000 loan amount, the SBA guaranteed $60,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a La Paletera franchise. At the time of the loan, the company had 10 employees. The loan application indicated that the loan would help generate 10 new jobs and retain 10 existing jobs. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: La Paletera Franchise Systems, Inc. Advice on Getting a Small Business Loan Where to Get an SBA Loan in San Antonio, Texas Getting a Business Loan in Texas
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