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December 21, 2024  
 
 
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Chicago, IL Entrepreneur Gets SBA Loan to Buy Fruit Flowers Franchise

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

Getting money to buy a Fruit Flowers franchise shouldn't be overly burdensome. In 2006, Comerica Bank issued an SBA franchise loan to an entrepreneur in Chicago, Illinois. Because Fruit Flowers was registered with the SBA's registry of franchises, this Illinois small business loan was issued on an expedited basis.

SBA Loan Borrower

FRUIT FLOWERS
CHICAGO, IL 60647

SBA Loan Lender

COMERICA BANK
1717 MAIN
DALLAS, TX 75201

This lender provides SBA guaranteed 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

722213 - Snack and Nonalcoholic Beverage Bars

Loan Approval Date

4/27/2006

Loan Approval Gross Amount

$211,100

Loan Approval from the SBA

Of the total $211,100 loan amount, the SBA guaranteed $158,325.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Fruit Flowers franchise. At the time of the loan, the company had 3 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 5 existing jobs.

Getting an SBA Loan For Your Business

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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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