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November 21, 2024 |
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| Home > Small Business Lenders by State > Louisiana Business Loan Sources > Dallas, Business Loans > Comerica Bank Dallas Business Loans > Beef O' Brady's - O'Neal Lane Loan | ||||
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Where to Get an SBA Loan to Purchase a Franchise
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Louisiana Entrepreneur Secures Financing to Buy Beef O'Brady's FranchiseNeed money to purchase a Beef O'Brady's franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Baton Rouge, Louisiana needed money to invest in a Beef O'Brady's franchise back in 2004. Comerica Bank issued an SBA franchise loan. Here are the details on this Louisiana small business loan. SBA Loan Borrower BEEF O' BRADY'S - O'NEAL LANE SBA Loan Lender COMERICA BANK This lender provides SBA guaranteed bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 4/12/2004 Loan Approval Gross Amount $453,500 Loan Approval from the SBA Of the total $453,500 loan amount, the SBA guaranteed $340,125. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Beef O'Brady's franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help generate 23 new jobs and retain 25 existing jobs. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Comerica Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Beef O'Brady's Family Sports Pubs Microlending as a Small Business Funding Source
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