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March 29, 2024  
 
 
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Advice for Financing a Franchise

 

 
Loan Census SBA Loan Info

Loan to Buy Wienerschnitzel Franchise Issued By Comerica Bank

Need money to buy 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 may simply require a phone call to a local SBA banker. In 2001, Comerica Bank issued an SBA franchise loan to an entrepreneur in Ontario, 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
ONTARIO, CA 91761

SBA Loan Lender

COMERICA BANK
1717 MAIN
DALLAS, TX 75201

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

12/12/2001

Loan Approval Gross Amount

$727,200

Loan Approval from the SBA

Of the total $727,200 loan amount, the SBA guaranteed $545,400.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Wienerschnitzel franchise. At the time of the loan, the company had 60 employees. This SBA loan request indicated that the loan would help generate 20 new jobs and retain 60 existing jobs.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

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 $727,200 loan. Remember, feel the fear, and do it anyway.

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:

Wienerschnitzel

Business Credit Evaluation

SBA Banks in Dallas, Texas

Find an SBA Lender in Texas