Gainesville, FL Entrepreneur Gets SBA Loan to Buy Cici's Pizza Franchise
Need a loan to buy a Cici's Pizza franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA.
An entrepreneur in Gainesville, Florida needed money to invest in a Cici's Pizza franchise back in 2005. Comerica Bank issued an SBA franchise loan. Here are the details on this Florida small business loan.
SBA Loan Borrower
CICI'S PIZZA #388
GAINESVILLE, FL 32608
SBA Loan Lender
COMERICA BANK
1900 W LOOP SOUTH
HOUSTON, TX 77027
The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA loans to to our country's hard-working small business owners.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
722211 - Limited-Service Restaurants
Loan Approval Date
12/7/2005
Loan Approval Gross Amount
$520,000
Loan Approval from the SBA
Of the total $520,000 loan amount, the SBA guaranteed $390,000.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Cici's Pizza franchise. At the time of the loan, the company
had 20 employees. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees.
Next Steps for Getting an SBA Loan
SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.
We can help you find the best banks for small businesses in Gainesville or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.
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.
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