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April 27, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Dallas, Business Loans > Comerica Bank Dallas Business Loans > Kabloom Loan | ||||
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Raising Money in St. Louis Park, Minnesota With SBA Loans
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Comerica Bank Provides SBA Loan to Buy Kabloom FranchiseNeed a loan to purchase a Kabloom franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA. If you live near St. Louis Park, Minnesota and are interested in buying a Kabloom franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2004 by Comerica Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower KABLOOM SBA Loan Lender COMERICA BANK This lender provides SBA guaranteed business 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 453110 - Florists Loan Approval Date 7/16/2004 Loan Approval Gross Amount $208,000 Loan Approval from the SBA Of the total $208,000 loan amount, the SBA guaranteed $156,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Kabloom franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help generate 3 new jobs and retain 5 existing jobs. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Comerica Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Realistic Debt Financing Options
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