Comerica Bank Provides SBA Loan to Buy Zaxby's Franchise

Borrowing money to buy a Zaxby's franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Zaxby's franchise requires some effort but others before you have been successful. In 2002, Comerica Bank issued an SBA franchise loan to an entrepreneur in Pensacola, Florida. Because Zaxby's was registered with the SBA's registry of franchises, this Florida small business loan was issued on an expedited basis.

SBA Loan Borrower

ZAXBY'S
PENSACOLA, FL 32514

SBA Loan Lender

COMERICA BANK
1717 MAIN
DALLAS, TX 75201

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

9/20/2002

Loan Approval Gross Amount

$1,430,000

Loan Approval from the SBA

Of the total $1,430,000 loan amount, the SBA guaranteed $999,999.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Zaxby's franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the borrowed money would help create 20 new jobs.

Great, But How Can I Get an SBA Loan for My Business?

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

If you need emergency money for small 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:

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