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December 21, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Dallas, Business Loans > Comerica Bank Dallas Business Loans > Kabloom Columbus Loan | ||||
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Advice for Financing a Franchise
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Loan to Buy Kabloom Franchise Issued By Comerica BankNeed a loan to buy a Kabloom franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Kabloom franchise? If so, here's a 2004 SBA franchise loan that you should know about. Comerica Bank was the lender and the entrepreneur was based in Columbus, Ohio. SBA Loan Borrower KABLOOM COLUMBUS SBA Loan Lender COMERICA BANK 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 453110 - Florists Loan Approval Date 11/9/2004 Loan Approval Gross Amount $192,000 Loan Approval from the SBA Of the total $192,000 loan amount, the SBA guaranteed $144,000. 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 5 employees. The loan application indicated that the loan would help generate 4 new jobs and retain 5 existing jobs. Getting an SBA Loan For Your Business SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. 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. Related Links:
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