Borrow Money to Buy a Surf City Squeeze Franchise
Borrowing money to invest in a Surf City Squeeze franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA.
Surf City Squeeze franchise loans are available to Hollywood, 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 Surf City Squeeze franchise in 2002. We've got all the details on this California small business loan.
SBA Loan Borrower
SURF CITY SQUEEZE
HOLLYWOOD, CA 90028
SBA Loan Lender
COMERICA BANK
1717 MAIN
DALLAS, TX 75201
As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
722110 - Full-Service Restaurants
Loan Approval Date
3/1/2002
Loan Approval Gross Amount
$122,000
Loan Approval from the SBA
Of the total $122,000 loan amount, the SBA guaranteed $103,700.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Surf City Squeeze franchise. At the time of the loan, the company
had 5 employees. The loan application indicated that the loan would help retain 5 existing jobs.
Start the Process for Getting an SBA Loan Today!
Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.
This SBA loan was for $122,000. How would you spend $122,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.
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:
Surf City Squeeze
A Company That Helps Entrepreneurs
Best Dallas, Texas Banks for Small Business
Getting a Business Loan in Texas