Comerica Bank Provides SBA Loan to Buy Wienerschnitzel Franchise

Borrowing money to purchase a Wienerschnitzel franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Wienerschnitzel franchise may simply require a phone call to a local SBA banker. In 2001, Comerica Bank issued an SBA franchise loan to an entrepreneur in Placentia, California. Because Wienerschnitzel was registered with the SBA's registry of franchises, this California small business loan was issued on an expedited basis.

SBA Loan Borrower

WIENERSCHNITZEL #635
PLACENTIA, CA 92870

SBA Loan Lender

COMERICA BANK
333 W SANTA CLARA ST
SAN JOSE, CA 95113

This SBA loan was provided by a small business banker with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan guaranty requests to the SBA get more expeditious service from the SBA on their loan applications.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

10/24/2001

Loan Approval Gross Amount

$1,496,400

Loan Approval from the SBA

Of the total $1,496,400 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 Wienerschnitzel franchise. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you are wondering how to find money to start a business or need money for an existing business, an SBA loan can be a great funding source

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:

Wienerschnitzel

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Where to Get an SBA Loan in San Jose, California

Where to Get an SBA Loan California