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November 21, 2024 |
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| Home > Small Business Lenders by State > Arizona Business Loan Sources > Dallas, Business Loans > Comerica Bank Dallas Business Loans > Taco Del Mar Loan | ||||
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Phoenix, Arizona Bank Loan
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Phoenix, AZ Entrepreneur Gets SBA Loan to Buy Taco Del Mar FranchiseNeed a loan to invest in a Taco Del Mar franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA. If you live near Phoenix, Arizona and are interested in buying a Taco Del Mar franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2004 by Comerica Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower TACO DEL MAR 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 11/22/2004 Loan Approval Gross Amount $156,000 Loan Approval from the SBA Of the total $156,000 loan amount, the SBA guaranteed $121,550. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Taco Del Mar franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help generate 8 new jobs and retain 10 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide money to small business owners for working capital for other expenses. While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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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