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April 25, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Dallas, Business Loans > Comerica Bank Dallas Business Loans > Wienerschnitzel 545 Loan | ||||
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Where to Get an SBA Loan to Purchase a Franchise
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Comerica Bank Provides SBA Loan to Buy Wienerschnitzel FranchiseNeed a loan to purchase a Wienerschnitzel franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Wienerschnitzel franchise shouldn't be overly burdensome. In 2005, Comerica Bank issued an SBA franchise loan to an entrepreneur in Oceanside, California. Because Wienerschnitzel was registered with the SBA's registry of franchises, this California small business loan was issued on an expedited basis. SBA Loan Borrower WIENERSCHNITZEL 545 SBA Loan Lender COMERICA BANK 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 722211 - Limited-Service Restaurants Loan Approval Date 8/4/2005 Loan Approval Gross Amount $172,000 Loan Approval from the SBA Of the total $172,000 loan amount, the SBA guaranteed $129,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Wienerschnitzel franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help generate 7 new jobs and retain 7 existing jobs. Great, But How Can I Get an SBA Loan for My Business? The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $172,000 loan. Remember, fight for what you want, and it will be yours! 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: Banking Deregulation's Effects on Entrepreneurship Good Banks for Small Business in Dallas, Texas
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