Comerica Bank Provides SBA Loan to Buy Usa Baby Franchise

Need a loan to buy an Usa Baby franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in San Juan Capistrano, California needed money to invest in an Usa Baby franchise back in 2002. Comerica Bank issued an SBA franchise loan. Here are the details on this California small business loan.

SBA Loan Borrower

USA BABY/CHILDSPACE
SAN JUAN CAPISTRANO, CA 92675

SBA Loan Lender

COMERICA BANK
1900 W LOOP SOUTH
HOUSTON, TX 77027

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

337121 - Upholstered Household Furniture Manufacturing

Loan Approval Date

10/24/2002

Loan Approval Gross Amount

$497,000

Loan Approval from the SBA

Of the total $497,000 loan amount, the SBA guaranteed $372,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Usa Baby franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help generate 6 new jobs and retain 1 existing job.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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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Getting an SBA Loan in Texas