Loan Census Banking News and Information
April 28, 2024  
 
 
  Business Loan Information  
 

Yuma, Arizona Bank Loan

 

 
Loan Census SBA Loan Info

Borrow Money to Buy a Buffalo Wild Wings Grill & Bar Franchise

Need money to invest in a Buffalo Wild Wings Grill & Bar franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Yuma, Arizona needed money to invest in a Buffalo Wild Wings Grill & Bar franchise back in 2005. Comerica Bank issued an SBA franchise loan. Here are the details on this Arizona small business loan.

SBA Loan Borrower

BUFFALO WILD WINGS GRILL & BAR
YUMA, AZ 85365

SBA Loan Lender

COMERICA BANK
1717 MAIN
DALLAS, TX 75201

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

4/12/2005

Loan Approval Gross Amount

$899,200

Loan Approval from the SBA

Of the total $899,200 loan amount, the SBA guaranteed $674,400.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Buffalo Wild Wings Grill & Bar franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help generate 35 new jobs and retain 36 existing jobs.

Next Steps for Getting an SBA Loan

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

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Comerica Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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.

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