Texas Entrepreneur Secures Financing to Buy Grandy's Franchise

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

Grandy's franchise loans are available to Arlington, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Comerica Bank, based in Houston, Texas, issued an SBA franchise loan for a Grandy's franchise in 2002. We've got all the details on this Texas small business loan.

SBA Loan Borrower

GRANDY'S
ARLINGTON, TX 76018

SBA Loan Lender

COMERICA BANK
1900 W LOOP SOUTH
HOUSTON, TX 77027

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

722110 - Full-Service Restaurants

Loan Approval Date

12/30/2002

Loan Approval Gross Amount

$1,048,000

Loan Approval from the SBA

Of the total $1,048,000 loan amount, the SBA guaranteed $786,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Grandy's franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 20 new jobs and retain 20 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you need money to start a small business or need money for an existing business, an SBA loan can be a great funding source

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:

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