Loan to Buy Velocity Sports Performance Franchise Issued By Comerica Bank

Need money to invest in a Velocity Sports Performance franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Reno, Nevada and are interested in buying a Velocity Sports Performance franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2006 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

VELOCITY SPORTS PERFORMANCE
RENO, NV 89052

SBA Loan Lender

COMERICA BANK
1717 MAIN
DALLAS, TX 75201

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

713940 - Fitness and Recreational Sports Centers

Loan Approval Date

3/1/2006

Loan Approval Gross Amount

$727,400

Loan Approval from the SBA

Of the total $727,400 loan amount, the SBA guaranteed $545,550.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Velocity Sports Performance franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help generate 4 new jobs and retain 5 existing jobs.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Velocity Sports Performance

Raising VC Money for Social Networking Companies

Small Bank Loans in Dallas, Texas

Browse All Business Loan Sources for Texas