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November 21, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Dallas, Business Loans > Comerica Bank Dallas Business Loans > Cici's Pizza Loan | ||||
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Where to Get a Small Business Loan to Purchase a Franchise
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Comerica Bank Provides SBA Loan to Buy Cici's Pizza FranchiseNeed money to purchase a Cici's Pizza franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Panama City, Florida needed money to invest in a Cici's Pizza franchise back in 2002. Comerica Bank issued an SBA franchise loan. Here are the details on this Florida small business loan. SBA Loan Borrower CICI'S PIZZA SBA Loan Lender COMERICA BANK 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 11/25/2002 Loan Approval Gross Amount $305,000 Loan Approval from the SBA Of the total $305,000 loan amount, the SBA guaranteed $228,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Cici's Pizza franchise. At the time of the loan, the company had 15 employees. The loan application indicated that the loan would help retain 15 existing jobs. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. 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. Related Links: Best Banks for Small Business in Dallas, Texas
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