Comerica Bank Provides SBA Loan to Buy Cici's Pizza Franchise
Need a loan to invest in a Cici's Pizza franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA.
Getting money to buy a Cici's Pizza franchise may simply require a phone call to a local SBA banker. In 2003, Comerica Bank issued an SBA franchise loan to an entrepreneur in Homestead, Florida. Because Cici's Pizza was registered with the SBA's registry of franchises, this Florida small business loan was issued on an expedited basis.
SBA Loan Borrower
CICI'S PIZZA
HOMESTEAD, FL 33031
SBA Loan Lender
COMERICA BANK
1900 W LOOP SOUTH
HOUSTON, TX 77027
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
2/14/2003
Loan Approval Gross Amount
$466,500
Loan Approval from the SBA
Of the total $466,500 loan amount, the SBA guaranteed $349,875.
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 only one employee. The SBA loan application for the borrower indicated that the borrowed money would help create 29 new jobs.
Getting an SBA Loan For Your Business
SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.
Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Comerica Bank and they will explain how you can get an SBA loan for your company.
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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