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April 19, 2024 |
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| Home > Small Business Lenders by State > North Carolina Business Loan Sources > Houston, Business Loans > Comerica Bank Houston Business Loans > Cici's Pizza Loan | ||||
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Where to Get an SBA Loan to Purchase a Franchise
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Mooresville, NC Entrepreneur Gets SBA Loan to Buy Cici's Pizza FranchiseNeed a loan to purchase a Cici's Pizza franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Cici's Pizza franchise is doable. In 2000, Comerica Bank issued an SBA franchise loan to an entrepreneur in Mooresville, North Carolina. Because Cici's Pizza was registered with the SBA's registry of franchises, this North Carolina small business loan was issued on an expedited basis. SBA Loan Borrower CICI'S PIZZA SBA Loan Lender COMERICA BANK 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. SIC Code 5812 - Eating Places Loan Approval Date 6/30/2000 Loan Approval Gross Amount $200,000 Loan Approval from the SBA Of the total $200,000 loan amount, the SBA guaranteed $150,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Cici's Pizza franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help generate 25 new jobs. Getting an SBA Loan For Your Business SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Find an SBA Lender in Houston, Texas
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