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February 1, 2025 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Dallas, Business Loans > Comerica Bank Dallas Business Loans > Wienerschnitzel Loan | ||||
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Advice for Financing a Franchise
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Loan to Buy Wienerschnitzel Franchise Issued By Comerica BankNeed money to buy a Wienerschnitzel franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Wienerschnitzel franchise may simply require a phone call to a local SBA banker. In 2001, Comerica Bank issued an SBA franchise loan to an entrepreneur in Ontario, California. Because Wienerschnitzel was registered with the SBA's registry of franchises, this California small business loan was issued on an expedited basis. SBA Loan Borrower WIENERSCHNITZEL 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 12/12/2001 Loan Approval Gross Amount $727,200 Loan Approval from the SBA Of the total $727,200 loan amount, the SBA guaranteed $545,400. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Wienerschnitzel franchise. At the time of the loan, the company had 60 employees. This SBA loan request indicated that the loan would help generate 20 new jobs and retain 60 existing jobs. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $727,200 loan. Remember, feel the fear, and do it anyway. 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:
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