Loan to Buy Moe's Sw Grill Franchise Issued By Comerica Bank

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

If you live near Shawnee, Kansas and are interested in buying a Moe's Sw Grill franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2005 by Comerica Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

MOE'S SOUTHWEST GRILL
SHAWNEE, KS 66226

SBA Loan Lender

COMERICA BANK
1508 W MOCKINGBIRD LN
DALLAS, TX 75235

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide business loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

1/13/2005

Loan Approval Gross Amount

$341,000

Loan Approval from the SBA

Of the total $341,000 loan amount, the SBA guaranteed $255,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Moe's Sw Grill franchise. At the time of the loan, the company had 17 employees. This SBA loan request did not indicate that the business promised to use the money to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you are wondering how to raise money for a company in Shawnee KS, you ought to talk with a local Shawnee SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Shawnee businesses.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Comerica Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Moe's Southwest Grill

Advice on Getting a Small Business Loan

SBA 7A Lenders in Dallas, Texas

Getting a Business Loan in Texas