Loan to Buy Maggiemoo's ice Cream Franchise Issued By Comerica Bank
Need money to buy a Maggiemoo's ice Cream franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA.
Want to borrow money to buy a Maggiemoo's ice Cream franchise? If so, here's a 2000 SBA franchise loan that you should know about. Comerica Bank was the lender and the entrepreneur was based in Houston, Texas.
SBA Loan Borrower
MAGGIE MOO'S ICE CREAM & TREAT
HOUSTON, TX 77084
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.
SIC Code
5812 - Eating Places
Loan Approval Date
8/10/2000
Loan Approval Gross Amount
$234,000
Loan Approval from the SBA
Of the total $234,000 loan amount, the SBA guaranteed $175,500.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Maggiemoo's ice Cream franchise. At the time of the loan, the company
had 2 employees. The SBA loan documents indicated that the funding would help create 15 new jobs.
Great, But How Can I Get an SBA Loan for My Business?
If you are wondering how to raise money for a business in Houston TX, you ought to talk with a local Houston SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Houston businesses.
Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.
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:
MaggieMoo's International, LLC
Obtaining Funding - How to Decide How Much to Raise
Good Banks for Small Business in Houston, Texas
Getting a Business Loan in Texas