Desert Hot Springs, CA Entrepreneur Gets SBA Loan to Buy Der Wienerschnitzel Franchise

Need a loan to purchase a Der Wienerschnitzel franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA.

Der Wienerschnitzel franchise loans are available to Desert Hot Springs, California entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Comerica Bank, based in Dallas, Texas, issued an SBA franchise loan for a Der Wienerschnitzel franchise in 2003. We've got all the details on this California small business loan.

SBA Loan Borrower

WIENERSCHNITZEL
DESERT HOT SPRINGS, CA 92240

SBA Loan Lender

COMERICA BANK
1717 MAIN
DALLAS, TX 75201

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

722211 - Limited-Service Restaurants

Loan Approval Date

8/20/2003

Loan Approval Gross Amount

$420,000

Loan Approval from the SBA

Of the total $420,000 loan amount, the SBA guaranteed $256,200.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Der Wienerschnitzel franchise. At the time of the loan, the company had 28 employees. The SBA loan documents indicated that the loan would help generate 20 new jobs and retain 48 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.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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:

Small Business Loan

Banks in Dallas, Texas

Getting an SBA Loan in Texas