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December 22, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Dallas, Business Loans > Comerica Bank Dallas Business Loans > Nor-Cal Awards 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 Crown Trophy FranchiseNeed money to purchase a Crown Trophy franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA. Crown Trophy franchise loans are available to Petaluma, California entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Comerica Bank, based in Dallas, Texas, issued an SBA franchise loan for a Crown Trophy franchise in 2000. We've got all the details on this California small business loan. SBA Loan Borrower NOR-CAL AWARDS SBA Loan Lender COMERICA BANK 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. SIC Code 5947 - Gift, Novelty, and Souvenir Shops NAICS Code 453220 - Gift, Novelty, and Souvenir Stores Loan Approval Date 4/6/2000 Loan Approval Gross Amount $89,000 Loan Approval from the SBA Of the total $89,000 loan amount, the SBA guaranteed $71,200. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Crown Trophy franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help generate 1 new job and retain 1 existing job. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Comerica Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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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