Borrow Money to Buy a Big Boy Franchise

Borrowing money to invest in a Big Boy franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Big Boy franchise may simply require a phone call to a local SBA banker. In 2004, Comerica Bank issued an SBA franchise loan to an entrepreneur in Owosso, Michigan. Because Big Boy was registered with the SBA's registry of franchises, this Michigan small business loan was issued on an expedited basis.

SBA Loan Borrower

BIG BOY
OWOSSO, MI 48867

SBA Loan Lender

COMERICA BANK
1717 MAIN
DALLAS, TX 75201

This lender provides SBA debt financing 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

2/27/2004

Loan Approval Gross Amount

$608,000

Loan Approval from the SBA

Of the total $608,000 loan amount, the SBA guaranteed $456,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Big Boy franchise. At the time of the loan, the company had 27 employees. The SBA loan documents indicated that the borrowed money would help generate 27 new jobs.

Start the Process for Getting an SBA Loan Today!

Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Comerica Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Big Boy Restaurants International LLC

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Small Bank Loans in Dallas, Texas

Getting an SBA Loan in Texas