Loan Census Banking News and Information
November 25, 2024  
 
 
  Business Loan Information  
 

Where to Get a Small Business Loan to Purchase a Franchise

 

 
Loan Census SBA Loan Info

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.

Related Links:

SBIR Funding

Banks in Dallas, Texas

SBA Lenders in Texas