Two SBA Construction Loans for Two San Antonio Franchise Restaurants
Two SBA Construction Loans for Two San Antonio Franchise Restaurants
“After a complicated loan process with another bank for two Toasted Yolk restaurants in San Antonio, we found 44 Business Capital and Marissa Ames. They structured SBA loans for FF&E. working capital and leasehold improvements and managed two loans simultaneously, making it happen for us to open both locations and achieve our goal and dream.”
Randy and Sandy Craft, OwnersToasted Yolk Restaurants | San Antonio, Texas
CHALLENGE
When Randy and Sandy Craft, set out to open two new franchise locations in San Antonio, Texas, they encountered significant challenges securing the necessary funding. Their initial efforts with another bank proved unsuccessful, as the institution was unable to close the deal and provide the financing required to move forward. At this pivotal moment, Marissa Ames and the dedicated team at 44 Business Capital stepped in to help. Recognizing the complexity and urgency of the situation, they worked closely with the borrowers to develop a comprehensive financing solution tailored to the unique needs of the restaurant business. The team at 44 Business Capital was able to structure two separate construction loans, each designed to cover leasehold improvements, Furniture, Fixtures, and Equipment (FF&E), as well as working capital to support the restaurants during their initial stages.
By streamlining the loan process and handling the intricate details involved in structuring two SBA loans simultaneously, Marissa Ames and her team overcame many of the obstacles that had previously hindered progress. Their expertise not only made the process more manageable but also ensured that the new owners could focus on their vision—bringing Toasted Yolk to the San Antonio community.
By streamlining the loan process and handling the intricate details involved in structuring two SBA loans simultaneously, Marissa Ames and her team overcame many of the obstacles that had previously hindered progress. Their expertise not only made the process more manageable but also ensured that the new owners could focus on their vision—bringing Toasted Yolk to the San Antonio community.
OUR BORROWERS SAY IT BEST
