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April 29, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Dallas, Business Loans > Comerica Bank Dallas Business Loans > A&w/long John Silvers Loan | ||||
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I Need Commercial Loans to Buy a Franchise in Saginaw, Texas
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Saginaw, TX Entrepreneur Gets SBA Loan to Buy A & W Restaurant FranchiseBorrowing money to buy an A & W Restaurant franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Saginaw, Texas needed money to invest in an A & W Restaurant franchise back in 2004. Comerica Bank issued an SBA franchise loan. Here are the details on this Texas small business loan. SBA Loan Borrower A&W/LONG JOHN SILVERS SBA Loan Lender COMERICA BANK The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA business loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 6/3/2004 Loan Approval Gross Amount $415,500 Loan Approval from the SBA Of the total $415,500 loan amount, the SBA guaranteed $311,625. 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 32 employees. The loan application did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Comerica Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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:
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