Colorado Springs, CO Entrepreneur Gets SBA Loan to Buy Melting Pot Franchise

Borrowing money to buy a Melting Pot franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Melting Pot franchise shouldn't be too tough. In 2003, Comerica Bank issued an SBA franchise loan to an entrepreneur in Colorado Springs, Colorado. Because Melting Pot was registered with the SBA's registry of franchises, this Colorado small business loan was issued on an expedited basis.

SBA Loan Borrower

THE MELTING POT RESTAURANT COL
COLORADO SPRINGS, CO 80903

SBA Loan Lender

COMERICA BANK
1717 MAIN
DALLAS, TX 75201

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

12/24/2003

Loan Approval Gross Amount

$663,100

Loan Approval from the SBA

Of the total $663,100 loan amount, the SBA guaranteed $497,325.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Melting Pot franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help generate 28 new jobs and retain 30 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

We can help you find the best banks for small businesses in Colorado Springs or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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.

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