Borrow Money to Buy a Bear Rock Cafe Franchise

Need money to purchase a Bear Rock Cafe franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Richardson, Texas needed money to invest in a Bear Rock Cafe franchise back in 2003. Comerica Bank issued an SBA franchise loan. Here are the details on this Texas small business loan.

SBA Loan Borrower

BEAR ROCK CAFE
RICHARDSON, TX 75080

SBA Loan Lender

COMERICA BANK
1717 MAIN
DALLAS, TX 75201

This lender provides SBA commercial loans 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.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

12/10/2003

Loan Approval Gross Amount

$583,000

Loan Approval from the SBA

Of the total $583,000 loan amount, the SBA guaranteed $437,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Bear Rock Cafe franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help generate 30 new jobs and retain 32 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Comerica Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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.

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