Loan to Buy A & W Restaurant Franchise Issued By Comerica Bank

Borrowing money to buy an A & W Restaurant franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy an A & W Restaurant franchise? If so, here's a 2001 SBA franchise loan that you should know about. Comerica Bank was the lender and the entrepreneur was based in Orlando, Florida.

SBA Loan Borrower

ALL AMERICAN RESTAURANTS INC
ORLANDO, FL 32812

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

722211 - Limited-Service Restaurants

Loan Approval Date

4/27/2001

Loan Approval Gross Amount

$926,000

Loan Approval from the SBA

Of the total $926,000 loan amount, the SBA guaranteed $694,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an A & W Restaurant franchise. At the time of the loan, the company had 21 employees. This SBA loan request indicated that the loan would help generate 68 new jobs and retain 89 existing jobs.

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

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $926,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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