Santa Rosa, CA Entrepreneur Gets SBA Loan to Buy Sizzler Family Steakhouse Franchise

Need a loan to buy a Sizzler Family Steakhouse franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Sizzler Family Steakhouse franchise shouldn't be overly burdensome. In 2005, Comerica Bank issued an SBA franchise loan to an entrepreneur in Santa Rosa, California. Because Sizzler Family Steakhouse was registered with the SBA's registry of franchises, this California small business loan was issued on an expedited basis.

SBA Loan Borrower

SIZZLER
SANTA ROSA, CA 95405

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

722110 - Full-Service Restaurants

Loan Approval Date

1/18/2005

Loan Approval Gross Amount

$330,000

Loan Approval from the SBA

Of the total $330,000 loan amount, the SBA guaranteed $247,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Sizzler Family Steakhouse franchise. At the time of the loan, the company had 34 employees. The SBA loan application for the borrower indicated that the loan would help retain 34 existing jobs.

Start the Process for Getting an SBA Loan Today!

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

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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.

Related Links:

Sizzler USA

Bank Credit Lines

SBA 7A Lenders in Dallas, Texas

Getting a Business Loan in Texas