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April 28, 2024  
 
 
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Where to Get an SBA Loan to Purchase a Franchise

 

 
Loan Census SBA Loan Info

Sacramento, Ca 95826, CA Entrepreneur Gets SBA Loan to Buy Noble Roman Pizza Franchise

Need a loan to buy a Noble Roman Pizza franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA.

Noble Roman Pizza franchise loans are available to Sacramento, Ca 95826, California entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Comerica Bank, based in Dallas, Texas, issued an SBA franchise loan for a Noble Roman Pizza franchise in 2007. We've got all the details on this California small business loan.

SBA Loan Borrower

MARC SELY AND NAI CHIEU SAELEE NOBLE ROMAN
Sacramento, CA 95826, CA 95826

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

722211 - Limited-Service Restaurants

Loan Approval Date

10/23/2007

Loan Approval Gross Amount

$344,500

Loan Approval from the SBA

Of the total $344,500 loan amount, the SBA guaranteed $258,375.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Noble Roman Pizza franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help generate 7 new jobs and retain 2 existing jobs.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Comerica Bank and they will explain how you can get an SBA loan for your company.

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:

Noble Roman's Pizza

Obtaining Funding From a Venture Capitalist

SBA 7A Banks for Dallas, Texas Loans

Texas SBA 7A Lenders