California Entrepreneur Secures Financing to Buy Mountain Mike's Pizza Franchise

Borrowing money to buy a Mountain Mike's Pizza franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Mountain Mike's Pizza franchise? If so, here's a 2002 SBA franchise loan that you should know about. Comerica Bank was the lender and the entrepreneur was based in Fremont (centerville), California.

SBA Loan Borrower

MOUNTAIN MIKES PIZZA-FREMONT
FREMONT (CENTERVILLE), CA 94538

SBA Loan Lender

COMERICA BANK
1717 MAIN
DALLAS, TX 75201

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

6/5/2002

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Mountain Mike's Pizza franchise. At the time of the loan, the company had 6 employees. The loan application indicated that the loan would help generate 6 new jobs and retain 12 existing jobs.

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

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

We can help you find the best banks for small businesses in Fremont (centerville) or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Mountain Mike's Pizza

Small Business Credit Cards

SBA 7A Banks for Dallas, Texas Loans

Texas SBA 7A Lenders