Loan to Buy Big Boy Franchise Issued By Comerica Bank

Need a loan to invest in a Big Boy franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA.

Big Boy franchise loans are available to Clarkston, Michigan entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Comerica Bank, based in Dallas, Texas, issued an SBA franchise loan for a Big Boy franchise in 2002. We've got all the details on this Michigan small business loan.

SBA Loan Borrower

NANNINI PROPERTIES LLC AND NAN
CLARKSTON, MI 48346

SBA Loan Lender

COMERICA BANK
1717 MAIN
DALLAS, TX 75201

This lender provides SBA guaranteed bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

3/6/2002

Loan Approval Gross Amount

$1,173,100

Loan Approval from the SBA

Of the total $1,173,100 loan amount, the SBA guaranteed $879,825.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Big Boy franchise. At the time of the loan, the company had 47 employees. The SBA loan application for the borrower indicated that the loan would help retain 47 existing jobs.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Big Boy Restaurants International LLC

The Art of Bootstrapping

SBA Banks in Dallas, Texas

Getting an SBA Loan in Texas