Loan to Buy Sonic Drive-In Franchise Issued By Comerica Bank

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

Sonic Drive-In franchise loans are available to Chiefland, Florida entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Comerica Bank, based in Dallas, Texas, issued an SBA franchise loan for a Sonic Drive-In franchise in 2004. We've got all the details on this Florida small business loan.

SBA Loan Borrower

SONIC DRIVE IN
CHIEFLAND, FL 32626

SBA Loan Lender

COMERICA BANK
1717 MAIN
DALLAS, TX 75201

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

10/8/2004

Loan Approval Gross Amount

$519,100

Loan Approval from the SBA

Of the total $519,100 loan amount, the SBA guaranteed $389,325.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Sonic Drive-In franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help create 20 new jobs.

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

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

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Comerica Bank and they will explain how you can get an SBA loan for your company.

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:

Sonic Drive-In

Business Credit Evaluation

SBA Approved Banks in Dallas, Texas

Where to Get an SBA Loan Texas