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April 25, 2024 |
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| Home > Small Business Lenders by State > Nevada Business Loan Sources > Dallas, Business Loans > Comerica Bank Dallas Business Loans > Norwalk, The Furniture Idea Loan | ||||
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Business Loans for Henderson Businesses
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Nevada Entrepreneur Secures Financing to Buy Norwalk Furniture Idea FranchiseNeed a loan to buy a Norwalk Furniture Idea franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA. If you live near Henderson, Nevada and are interested in buying a Norwalk Furniture Idea 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 NORWALK, THE FURNITURE IDEA SBA Loan Lender COMERICA BANK This SBA loan was provided by a banker with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan requests to the SBA get more expeditious service from the SBA on their loan applications. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 442110 - Furniture Stores Loan Approval Date 12/3/2004 Loan Approval Gross Amount $1,211,700 Loan Approval from the SBA Of the total $1,211,700 loan amount, the SBA guaranteed $908,775. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Norwalk Furniture Idea franchise. At the time of the loan, the company had 19 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Comerica Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Small Bank Loans in Dallas, Texas
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