Comerica Bank Provides SBA Loan to Buy Cici's Pizza Franchise

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

Cici's Pizza franchise loans are available to Asheville, North Carolina entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Comerica Bank, based in Houston, Texas, issued an SBA franchise loan for a Cici's Pizza franchise in 2001. We've got all the details on this North Carolina small business loan.

SBA Loan Borrower

CICI'S PIZZA
ASHEVILLE, NC 28805

SBA Loan Lender

COMERICA BANK
1900 W LOOP SOUTH
HOUSTON, TX 77027

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

7/20/2001

Loan Approval Gross Amount

$306,000

Loan Approval from the SBA

Of the total $306,000 loan amount, the SBA guaranteed $229,500.

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 SBA loan application for the borrower indicated that the loan would help generate 23 new jobs and retain 2 existing jobs.

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

If you need business start up money in Asheville NC, you ought to talk with a local Asheville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Asheville businesses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

CiCi's Pizza

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SBA Banks in Houston, Texas

Getting an SBA Loan in Texas