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December 19, 2024 |
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| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > Sacramento, Business Loans > Comerica Bank Sacramento Business Loans > The Melting Pot Loan | ||||
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How to Get SBA Loans in Framingham, Massachusetts
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Loan to Buy Melting Pot Franchise Issued By Comerica BankNeed money to invest in a Melting Pot franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Framingham, Massachusetts needed money to invest in a Melting Pot franchise back in 2006. Comerica Bank issued an SBA franchise loan. Here are the details on this Massachusetts small business loan. SBA Loan Borrower THE MELTING POT SBA Loan Lender COMERICA BANK This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 1/20/2006 Loan Approval Gross Amount $780,000 Loan Approval from the SBA Of the total $780,000 loan amount, the SBA guaranteed $585,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Melting Pot franchise. At the time of the loan, the company had 60 employees. The loan application did not indicate that the business planned to use the funding to add employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Melting Pot Fondue Restaurants Advice on Getting a Small Business Loan Banks in Sacramento, California
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