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April 24, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Dallas, Business Loans > Comerica Bank Dallas Business Loans > Bruster's Old Fashioned Ice Cr Loan | ||||
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SBA 7A Banks for La Grange Small Businesses
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La Grange, GA Entrepreneur Gets SBA Loan to Buy Bruster's FranchiseNeed money to buy a Bruster's franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in La Grange, Georgia needed money to invest in a Bruster's franchise back in 2003. Comerica Bank issued an SBA franchise loan. Here are the details on this Georgia small business loan. SBA Loan Borrower BRUSTER'S OLD FASHIONED ICE CR SBA Loan Lender COMERICA BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 10/16/2003 Loan Approval Gross Amount $768,000 Loan Approval from the SBA Of the total $768,000 loan amount, the SBA guaranteed $576,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Bruster's franchise. At the time of the loan, the company had 3 employees. The SBA loan documents indicated that the loan would help generate 25 new jobs and retain 28 existing jobs. Next Steps for Getting an SBA Loan Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $768,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Who Lends Money to Small Businesses in Dallas, Texas
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