Lithonia, GA Entrepreneur Gets SBA Loan to Buy Zaxby's Franchise

Need a loan to invest in a Zaxby's franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Zaxby's franchise? If so, here's a 2004 SBA franchise loan that you should know about. Comerica Bank was the lender and the entrepreneur was based in Lithonia, Georgia.

SBA Loan Borrower

ZAXBY'S
LITHONIA, GA 30038

SBA Loan Lender

COMERICA BANK
1717 MAIN
DALLAS, TX 75201

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

5/3/2004

Loan Approval Gross Amount

$1,323,400

Loan Approval from the SBA

Of the total $1,323,400 loan amount, the SBA guaranteed $992,550.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Zaxby's franchise. At the time of the loan, the company had 7 employees. This SBA loan request indicated that the funding would help create 40 new jobs.

Next Steps for Getting an SBA Loan

If you want money for new small business in Lithonia GA, you ought to talk with a local Lithonia SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Lithonia businesses.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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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