Borrow Money to Buy a Kabloom Franchise

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

Getting money to buy a Kabloom franchise is doable. In 2004, Comerica Bank issued an SBA franchise loan to an entrepreneur in Charlotte, North Carolina. Because Kabloom was registered with the SBA's registry of franchises, this North Carolina small business loan was issued on an expedited basis.

SBA Loan Borrower

KABLOOM
CHARLOTTE, NC 28280

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

453110 - Florists

Loan Approval Date

2/5/2004

Loan Approval Gross Amount

$186,300

Loan Approval from the SBA

Of the total $186,300 loan amount, the SBA guaranteed $139,725.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Kabloom franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help generate 3 new jobs and retain 1 existing job.

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

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Comerica Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Comerica Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

KaBloom Florists

Direct Public Offerings

Good Banks for Small Business in Dallas, Texas

Texas SBA 7A Lenders