Loan Census Banking News and Information
November 22, 2024  
 
 
  Business Loan Information  
 

Scotts Valley, California Bank Loan

 

 
Loan Census SBA Loan Info

Borrow Money to Buy a Togo's Eatery Franchise

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

An entrepreneur in Scotts Valley, California needed money to invest in a Togo's Eatery franchise back in 2003. Comerica Bank issued an SBA franchise loan. Here are the details on this California small business loan.

SBA Loan Borrower

CRUZ'N FOODS
SCOTTS VALLEY, CA 95066

SBA Loan Lender

COMERICA BANK
1717 MAIN
DALLAS, TX 75201

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

722211 - Limited-Service Restaurants

Loan Approval Date

6/30/2003

Loan Approval Gross Amount

$216,600

Loan Approval from the SBA

Of the total $216,600 loan amount, the SBA guaranteed $162,450.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Togo's Eatery franchise. At the time of the loan, the company had 12 employees. The SBA loan application for the borrower indicated that the loan would help retain 11 existing jobs.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

We can help you find the best banks for small businesses in Scotts Valley 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.

Related Links:

Togo's Eatery

Strategic Investors

SBA Participating Banks in Dallas, Texas

Texas SBA 7A Lenders