Mandeville, LA Entrepreneur Gets SBA Loan to Buy Mcalister's Gourmet Deli Franchise

Need money to purchase a Mcalister's Gourmet Deli franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Mandeville, Louisiana and are interested in buying a Mcalister's Gourmet Deli franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2001 by Comerica Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

MCALISTER'S GOURMET DELI
MANDEVILLE, LA 70471

SBA Loan Lender

COMERICA BANK
1900 W LOOP SOUTH
HOUSTON, TX 77027

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

8/9/2001

Loan Approval Gross Amount

$1,110,000

Loan Approval from the SBA

Of the total $1,110,000 loan amount, the SBA guaranteed $832,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Mcalister's Gourmet Deli franchise. At the time of the loan, the company had 25 employees. The loan application indicated that the loan would help retain 25 existing jobs.

Getting an SBA Loan For Your Business

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

While you may be able to find other ways to get money to start a business, 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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