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May 15, 2024 |
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| Home > Small Business Lenders by State > Indiana Business Loan Sources > Dallas, Business Loans > Comerica Bank Dallas Business Loans > Automotive Body, Paint, And Interior Repair And Maintenance Loan | ||||
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How to Get a Commercial Loan from Comerica Bank
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SBA Loan from Comerica Bank Helps Automotive Body, Paint, And Interior Repair And Maintenance CompanyComerica Bank has a track record as a leading provider of SBA loans. Find out how this Indiana entrepreneur received an SBA loan from them. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Fort Wayne, Indiana was able to borrow $360,600 from Comerica Bank. The SBA made the loan possible by guaranteeing $270,450 of this Indiana small business loan. SBA Loan Borrower COMPANY TYPE: AUTOMOTIVE BODY, PAINT, AND INTERIOR REPAIR AND MAINTENANCE SBA Loan Lender COMERICA BANK This lender provides SBA small 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 811121 - Automotive Body, Paint, and Interior Repair and Maintenance Loan Approval Date 6/1/2007 Loan Approval Gross Amount $360,600 Loan Approval from the SBA Of the total $360,600 loan amount, the SBA guaranteed $270,450. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had no employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the funding to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $360,600 loan. Remember, you control your own destiny. 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: Best Banks for Small Business in Dallas, Texas
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