Florida Entrepreneur Secures Financing to Buy Honey Baked Hams & Cafe Franchise

Borrowing money to buy a Honey Baked Hams & Cafe franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Saint Augustine, Florida needed money to invest in a Honey Baked Hams & Cafe franchise back in 2004. Comerica Bank issued an SBA franchise loan. Here are the details on this Florida small business loan.

SBA Loan Borrower

HONEY BAKED HAM & CAFE
SAINT AUGUSTINE, FL 32086

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

8/17/2004

Loan Approval Gross Amount

$345,100

Loan Approval from the SBA

Of the total $345,100 loan amount, the SBA guaranteed $258,825.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Honey Baked Hams & Cafe franchise. At the time of the loan, the company had 10 employees. The SBA loan application for the borrower indicated that the loan would help generate 8 new jobs and retain 2 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $345,100 loan. Remember, things become real when you believe you can achieve them!

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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