Asheville, NC Entrepreneur Gets SBA Loan to Buy Honey Baked Hams & Cafe Franchise

Borrowing money to invest in a Honey Baked Hams & Cafe franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Honey Baked Hams & Cafe franchise requires some effort but others before you have been successful. In 2005, Comerica Bank issued an SBA franchise loan to an entrepreneur in Asheville, North Carolina. Because Honey Baked Hams & Cafe was registered with the SBA's registry of franchises, this North Carolina small business loan was issued on an expedited basis.

SBA Loan Borrower

HONEY BAKED HAM
ASHEVILLE, NC 28804

SBA Loan Lender

COMERICA BANK
1717 MAIN
DALLAS, TX 75201

At the time this loan was granted, this lending institution participated in the SBA's Certified Lenders Program (CLP). This program aims to provide quick service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

10/17/2005

Loan Approval Gross Amount

$458,000

Loan Approval from the SBA

Of the total $458,000 loan amount, the SBA guaranteed $343,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Honey Baked Hams & Cafe franchise. At the time of the loan, the company had 8 employees. The loan application did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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