Arizona Entrepreneur Secures Financing to Buy Famous Sams Franchise

Need money to purchase a Famous Sams franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA.

Famous Sams franchise loans are available to Mesa, Arizona entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Comerica Bank, based in Dallas, Texas, issued an SBA franchise loan for a Famous Sams franchise in 2001. We've got all the details on this Arizona small business loan.

SBA Loan Borrower

FAMOUS SAM'S # 49
MESA, AZ 85208

SBA Loan Lender

COMERICA BANK
1717 MAIN
DALLAS, TX 75201

This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

5/25/2001

Loan Approval Gross Amount

$1,071,000

Loan Approval from the SBA

Of the total $1,071,000 loan amount, the SBA guaranteed $803,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Famous Sams franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help generate 45 new jobs and retain 2 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

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.

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