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May 3, 2024 |
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| Home > Small Business Lenders by State > Colorado Business Loan Sources > Dallas, Business Loans > Comerica Bank Dallas Business Loans > United Check Cashing Loan | ||||
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Tips for Borrowing Money to Buy a Franchise
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Denver, CO Entrepreneur Gets SBA Loan to Buy United Check Cashing,Inc. FranchiseBorrowing money to buy an United Check Cashing,Inc. franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Denver, Colorado needed money to invest in an United Check Cashing,Inc. franchise back in 2002. Comerica Bank issued an SBA franchise loan. Here are the details on this Colorado small business loan. SBA Loan Borrower UNITED CHECK CASHING SBA Loan Lender COMERICA BANK This business loan 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. NAICS Code 522298 - Nondepository Credit Intermediation Loan Approval Date 12/26/2002 Loan Approval Gross Amount $170,000 Loan Approval from the SBA Of the total $170,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy an United Check Cashing,Inc. franchise. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the small business planned to use the money to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! If you are wondering how to raise money for a business in Denver CO, you ought to talk with a local Denver SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Denver businesses. If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Comerica Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Role of Business Plan When Raising Money
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