Bakersfield, CA Entrepreneur Gets SBA Loan to Buy Der Wienerschnitzel Franchise
Need a loan to buy a Der Wienerschnitzel franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA.
If you live near Bakersfield, California and are interested in buying a Der Wienerschnitzel franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2000 by Comerica Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.
SBA Loan Borrower
WIENERSCHNITZEL
BAKERSFIELD, CA 93313
SBA Loan Lender
COMERICA BANK
1717 MAIN
DALLAS, TX 75201
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
5812 - Eating Places
Loan Approval Date
5/22/2000
Loan Approval Gross Amount
$834,000
Loan Approval from the SBA
Of the total $834,000 loan amount, the SBA guaranteed $625,500.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Der Wienerschnitzel franchise. At the time of the loan, the company
had only one employee. The SBA loan documents indicated that the loan would help generate 15 new jobs and retain 16 existing jobs.
Next Steps for Getting an SBA Loan
For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.
We can help you find the best banks for small businesses in Bakersfield or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.
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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