Comerica Bank Provides SBA Loan to Buy Fuddrucker's Franchise

Need a loan to buy a Fuddrucker's franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Fuddrucker's franchise shouldn't be overly burdensome. In 2007, Comerica Bank issued an SBA franchise loan to an entrepreneur in San Diego, California. Because Fuddrucker's was registered with the SBA's registry of franchises, this California small business loan was issued on an expedited basis.

SBA Loan Borrower

FUDDRUCKERS OF DOWNTOWN SAN DI
SAN DIEGO, CA 92101

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

722211 - Limited-Service Restaurants

Loan Approval Date

1/18/2007

Loan Approval Gross Amount

$1,117,500

Loan Approval from the SBA

Of the total $1,117,500 loan amount, the SBA guaranteed $838,125.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Fuddrucker's franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help generate 20 new jobs and retain 20 existing jobs.

Getting an SBA Loan For Your Business

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.

We can help you find the best banks for small businesses in San Diego or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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