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April 26, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Belton, Business Loans > Extraco Banks Belton Business Loans > Backyard Burgers&little Caesar Loan | ||||
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Business Loans for Waco Business Owners
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Texas Entrepreneur Secures Financing to Buy Back Yard Burgers FranchiseNeed a loan to purchase a Back Yard Burgers franchise? Extraco Banks has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Waco, Texas needed money to invest in a Back Yard Burgers franchise back in 2003. Extraco Banks issued an SBA franchise loan. Here are the details on this Texas small business loan. SBA Loan Borrower BACKYARD BURGERS&LITTLE CAESAR SBA Loan Lender EXTRACO BANKS SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 4/9/2003 Loan Approval Gross Amount $175,000 Loan Approval from the SBA Of the total $175,000 loan amount, the SBA guaranteed $131,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Back Yard Burgers franchise. At the time of the loan, the company had 21 employees. This SBA loan request did not indicate that the business promised to use the money to add employees or retain any existing employees. Getting an SBA Loan For Your Business SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Extraco Banks and they will explain how you can get an SBA loan for your company. 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: Microlending as a Small Business Funding Source Where to Get an SBA Loan in Belton, Texas
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