Full-Service Restaurants Business Loans

With these business loans for full-service restaurants, the SBA guarantees the lender that the loan will be repaid. This full-service restaurants loan for $475,600 was given to a Texas entrepreneur in 2001.

Getting a small business loan in Austin, Texas was important for Atlanta Bread Company Austin back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Comerica Bank, operating out of Houston, Texas. Here are the details on this Texas small business loan.

SBA Loan Borrower

ATLANTA BREAD COMPANY AUSTIN
4404 W WILLIAM CANNON
AUSTIN, TX 78749

SBA Loan Lender

COMERICA BANK
1900 W LOOP SOUTH
HOUSTON, TX 77027

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

722110 - Full-Service Restaurants

Loan Approval Date

4/18/2001

Loan Approval Gross Amount

$475,600

Loan Approval from the SBA

Of the total $475,600 loan amount, the SBA guaranteed $356,700.

More Information on This SBA Loan

The borrower, Atlanta Bread Company Austin, borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the borrowed money would help create 24 new jobs.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. If a firm like Atlanta Bread Company Austin is able to get a $475,600 loan, why not give getting an SBA loan of your own a try?

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's SBA loan database.

Related Links:

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SBA 7A Banks in Houston, Texas

SBA Texas Lenders

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