Loan Census Banking News and Information
November 15, 2024  
 
 
  Business Loan Information  
 

Comerica Bank Franchise Business Loans

 

 
Loan Census SBA Loan Info

Borrow Money to Buy a Charley's Grilled Subs Franchise

Need a loan to invest in a Charley's Grilled Subs franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Port Charlotte, Florida needed money to invest in a Charley's Grilled Subs franchise back in 2003. Comerica Bank issued an SBA franchise loan. Here are the details on this Florida small business loan.

SBA Loan Borrower

CHARLEY'S GRILLED SUBS
PORT CHARLOTTE, FL 33948

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

722110 - Full-Service Restaurants

Loan Approval Date

9/22/2003

Loan Approval Gross Amount

$222,100

Loan Approval from the SBA

Of the total $222,100 loan amount, the SBA guaranteed $166,575.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Charley's Grilled Subs franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help generate 10 new jobs and retain 2 existing jobs.

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

Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Charley's Grilled Subs

Obtaining Funding - How to Decide How Much to Raise

Banks in Dallas, Texas

Getting an SBA Loan in Texas