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April 28, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Irving, Business Loans > State Bank Of Texas Irving Business Loans > Scottish Inn San Antonio Loan | ||||
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Loans to Buy a Franchise in Texas
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San Antonio, TX Entrepreneur Gets SBA Loan to Buy Scottish Inns FranchiseBorrowing money to buy a Scottish Inns franchise? State Bank Of Texas has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in San Antonio, Texas needed money to invest in a Scottish Inns franchise back in 2000. State Bank Of Texas issued an SBA franchise loan. Here are the details on this Texas small business loan. SBA Loan Borrower SCOTTISH INN SAN ANTONIO SBA Loan Lender STATE BANK OF TEXAS This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7011 - Hotels and Motels Loan Approval Date 9/29/2000 Loan Approval Gross Amount $542,500 Loan Approval from the SBA Of the total $542,500 loan amount, the SBA guaranteed $406,875. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Scottish Inns franchise. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the 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? If you have been wondering how do i get money to start a business in San Antonio TX, you ought to talk with a local San Antonio SBA lender or talk with an out-of-area SBA lender that has previously loaned money to San Antonio businesses. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like State Bank Of Texas that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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 Approved Banks in Irving, Texas
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