Arizona Entrepreneur Secures Financing to Buy Burger King Franchise

Need a loan to invest in a Burger King franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA.

Burger King franchise loans are available to Phoenix, Arizona entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Comerica Bank, based in Dallas, Texas, issued an SBA franchise loan for a Burger King franchise in 2002. We've got all the details on this Arizona small business loan.

SBA Loan Borrower

BURGER KING
PHOENIX, AZ 85053

SBA Loan Lender

COMERICA BANK
1717 MAIN
DALLAS, TX 75201

This lender provides SBA commercial loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

9/27/2002

Loan Approval Gross Amount

$1,367,000

Loan Approval from the SBA

Of the total $1,367,000 loan amount, the SBA guaranteed $999,987.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Burger King franchise. At the time of the loan, the company had 33 employees. The loan application indicated that the loan would help retain 33 existing jobs.

Next Steps for Getting an SBA Loan

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.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Comerica Bank and they will explain how you can get an SBA loan for your company.

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:

Burger King Corporation

Raising Venture Capital

Where to Get an SBA Loan in Dallas, Texas

SBA Participating Banks in Texas