New Mexico Entrepreneur Secures Financing to Buy Baby's Room Usa Franchise

Borrowing money to invest in a Baby's Room Usa franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Baby's Room Usa franchise is doable. In 2003, Comerica Bank issued an SBA franchise loan to an entrepreneur in Albuquerque, New Mexico. Because Baby's Room Usa was registered with the SBA's registry of franchises, this New Mexico small business loan was issued on an expedited basis.

SBA Loan Borrower

USA BABY
ALBUQUERQUE, NM 87109

SBA Loan Lender

COMERICA BANK
1717 MAIN
DALLAS, TX 75201

This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

442110 - Furniture Stores

Loan Approval Date

12/11/2003

Loan Approval Gross Amount

$541,000

Loan Approval from the SBA

Of the total $541,000 loan amount, the SBA guaranteed $405,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Baby's Room Usa franchise. At the time of the loan, the company had 5 employees. The loan application did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

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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