Borrow Money to Buy an Escape Enterprises Franchise

Borrowing money to buy an Escape Enterprises franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy an Escape Enterprises franchise shouldn't be too tough. In 2003, Comerica Bank issued an SBA franchise loan to an entrepreneur in Carrollton, Texas. Because Escape Enterprises was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis.

SBA Loan Borrower

STEAK ESCAPE
CARROLLTON, TX 75006

SBA Loan Lender

COMERICA BANK
1900 W LOOP SOUTH
HOUSTON, TX 77027

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

3/12/2003

Loan Approval Gross Amount

$383,600

Loan Approval from the SBA

Of the total $383,600 loan amount, the SBA guaranteed $287,700.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Escape Enterprises franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the loan would help generate 11 new jobs and retain 1 existing job.

Start the Process for Getting an SBA Loan Today!

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $383,600 loan. Remember, anyone can do it... so why not you?

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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