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May 3, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Dallas, Business Loans > Comerica Bank-Texas Dallas Business Loans > Grandy's Loan | ||||
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How to Get SBA Loans in Abilene, Texas
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Texas Entrepreneur Secures Financing to Buy Grandy's FranchiseBorrowing money to buy a Grandy's franchise? Comerica Bank-Texas has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Grandy's franchise? If so, here's a 2003 SBA franchise loan that you should know about. Comerica Bank-Texas was the lender and the entrepreneur was based in Abilene, Texas. SBA Loan Borrower GRANDY'S SBA Loan Lender COMERICA BANK-TEXAS This loan for a small business 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 5813 - Drinking Places NAICS Code 722410 - Drinking Places Loan Approval Date 2/10/2003 Loan Approval Gross Amount $434,000 Loan Approval from the SBA Of the total $434,000 loan amount, the SBA guaranteed $325,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Grandy's franchise. At the time of the loan, the company had 12 employees. This SBA loan request did not indicate that the business promised to use the money to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide money to small business owners for working capital for other expenses. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Comerica Bank-Texas and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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:
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