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December 22, 2024 |
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| Home > Small Business Lenders by State > Nevada Business Loan Sources > Dallas, Business Loans > Comerica Bank Dallas Business Loans > La Salsa Mexican Restaurant Loan | ||||
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Business Loans for Las Vegas Entrepreneurs
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Nevada Entrepreneur Secures Financing to Buy La Salsa FranchiseNeed a loan to invest in a La Salsa franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a La Salsa franchise shouldn't be overly burdensome. In 2003, Comerica Bank issued an SBA franchise loan to an entrepreneur in Las Vegas, Nevada. Because La Salsa was registered with the SBA's registry of franchises, this Nevada small business loan was issued on an expedited basis. SBA Loan Borrower LA SALSA MEXICAN RESTAURANT SBA Loan Lender COMERICA BANK 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 722211 - Limited-Service Restaurants Loan Approval Date 4/22/2003 Loan Approval Gross Amount $210,000 Loan Approval from the SBA Of the total $210,000 loan amount, the SBA guaranteed $157,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a La Salsa franchise. At the time of the loan, the company had 14 employees. This SBA loan request did not indicate that the company planned to use the funding to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small 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: Who Lends Money to Small Businesses in Dallas, Texas SBA Participating Banks in Texas
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