Borrow Money to Buy a La Salsa Franchise

Need money to buy a La Salsa franchise? Bank - Hills A Division - has a history of making these loans and they are guaranteed by the SBA.

If you live near Austin, Texas and are interested in buying a La Salsa franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2004 by Bank - Hills A Division -. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

LA SALSA
701 CAPITAL OF TEXAS HIGHWAY
AUSTIN, TX 78746

SBA Loan Lender

BANK - HILLS A DIVISION -
1075 JUNCTION HWY
KERRVILLE, TX 78028

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

722110 - Full-Service Restaurants

Loan Approval Date

3/30/2004

Loan Approval Gross Amount

$240,000

Loan Approval from the SBA

Of the total $240,000 loan amount, the SBA guaranteed $180,000.

More Information on This SBA Loan

The borrower, La Salsa, borrowed this money for an existing business. This loan was used to buy a La Salsa franchise. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan to La Salsa shows that any business with ambition and the right qualifications can get an SBA loan.

About This SBA Loan Information:

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

Related Links:

La Salsa Fresh Mexican Grill

Business Credit Evaluation

Find an SBA Lender in Kerrville, Texas

Getting an SBA Loan in Texas

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