Dallas, Texas Bank Gives SBA Loan to Bed-And-Breakfast Inns Company
Thinking about meeting with a Dallas, Texas bank about an SBA loan? Here's one California business loan, issued by a Dallas bank, that was approved by the SBA.
Applying for an SBA loan with Comerica Bank worked out well for our friends at one local firm in Sanger, California. They received an SBA loan for $172,500. Way to go!
SBA Loan Borrower
COMPANY TYPE: BED-AND-BREAKFAST INNS
SANGER, CA 93657
SBA Loan Lender
COMERICA BANK
1717 MAIN
DALLAS, TX 75201
Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
721191 - Bed-and-Breakfast Inns
Loan Approval Date
6/11/2002
Loan Approval Gross Amount
$172,500
Loan Approval from the SBA
Of the total $172,500 loan amount, the SBA guaranteed $129,375.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had 2 employees. The loan application indicated that the loan would help generate 1 new job and retain 2 existing jobs.
Next Steps for Getting an SBA Loan
SBA loans provide smart, affordable business financing for small businesses looking to expand.
If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Comerica Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.
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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