Borrow Money to Buy a Semolina Franchise

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

Getting money to buy a Semolina franchise shouldn't be too tough. In 2002, Comerica Bank issued an SBA franchise loan to an entrepreneur in Slidell, Louisiana. Because Semolina was registered with the SBA's registry of franchises, this Louisiana small business loan was issued on an expedited basis.

SBA Loan Borrower

SEMOLINA
SLIDELL, LA 70460

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

722110 - Full-Service Restaurants

Loan Approval Date

5/17/2002

Loan Approval Gross Amount

$899,000

Loan Approval from the SBA

Of the total $899,000 loan amount, the SBA guaranteed $674,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Semolina franchise. At the time of the loan, the company had 85 employees. This SBA loan request indicated that the loan would help retain 85 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $899,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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