Pennsylvania Entrepreneur Secures Financing to Buy Cheeburger Cheburger Franchise

Need money to purchase a Cheeburger Cheburger franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA.

Cheeburger Cheburger franchise loans are available to Chalfont, Pennsylvania entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Comerica Bank, based in Dallas, Texas, issued an SBA franchise loan for a Cheeburger Cheburger franchise in 2005. We've got all the details on this Pennsylvania small business loan.

SBA Loan Borrower

CHEEBURGER CHEEBURGER
CHALFONT, PA 18914

SBA Loan Lender

COMERICA BANK
1717 MAIN
DALLAS, TX 75201

This lender provides SBA 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

7/12/2005

Loan Approval Gross Amount

$434,000

Loan Approval from the SBA

Of the total $434,000 loan amount, the SBA guaranteed $325,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Cheeburger Cheburger franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 33 new jobs and retain 2 existing jobs.

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

Many small businesses receive loans backed by the U.S. Small Business Administration.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Comerica Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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