California Entrepreneur Secures Financing to Buy Denny's Restaurant Franchise

Borrowing money to buy a Denny's Restaurant franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Big Bear Lake, California and are interested in buying a Denny's Restaurant franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2005 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

SIZZLER USA
BIG BEAR LAKE, CA 92315

SBA Loan Lender

COMERICA BANK
1717 MAIN
DALLAS, TX 75201

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

7/1/2005

Loan Approval Gross Amount

$1,457,000

Loan Approval from the SBA

Of the total $1,457,000 loan amount, the SBA guaranteed $1,092,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Denny's Restaurant franchise. At the time of the loan, the company had 19 employees. The SBA loan application for the borrower indicated that the loan would help retain 19 existing jobs.

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

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Comerica Bank and they will explain how you can get an SBA loan for your company.

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:

Denny's Inc.

Accountant's Role in Securing Financing

SBA 7A Banks for Dallas, Texas Loans

Texas SBA 7A Lenders