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December 19, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Dallas, Business Loans > Comerica Bank Dallas Business Loans > The Pentavirate, LLC Dba Noble Roman's Piz Loan | ||||
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Business Loans for Edwardsville Small Businesses
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Borrow Money to Buy a Noble Roman Pizza FranchiseBorrowing money to purchase a Noble Roman Pizza franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Edwardsville, Illinois needed money to invest in a Noble Roman Pizza franchise back in 2008. Comerica Bank issued an SBA franchise loan. Here are the details on this Illinois small business loan. SBA Loan Borrower THE PENTAVIRATE, LLC DBA NOBLE ROMAN'S PIZ 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 722213 - Snack and Nonalcoholic Beverage Bars Loan Approval Date 1/11/2008 Loan Approval Gross Amount $440,900 Loan Approval from the SBA Of the total $440,900 loan amount, the SBA guaranteed $330,675. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Noble Roman Pizza franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help generate 13 new jobs and retain 2 existing jobs. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. 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:
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