Comerica Bank Provides SBA Loan to Buy Bruster's Franchise

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

If you live near Buford, Georgia and are interested in buying a Bruster's franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2004 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

BRUSTER'S OLD FASHIONED ICE CR
BUFORD, GA 30519

SBA Loan Lender

COMERICA BANK
1717 MAIN
DALLAS, TX 75201

This lender provides SBA business 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

6/8/2004

Loan Approval Gross Amount

$812,000

Loan Approval from the SBA

Of the total $812,000 loan amount, the SBA guaranteed $609,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Bruster's franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower indicated that the loan would help generate 7 new jobs and retain 10 existing jobs.

Getting an SBA Loan For Your Business

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

We can help you find the best banks for small businesses in Buford 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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