Loan to Buy Frullati Cafe Franchise Issued By Comerica Bank
Borrowing money to purchase a Frullati Cafe franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA.
If you live near Sugarland, Texas and are interested in buying a Frullati Cafe franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2002 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
FRULLATI CAFE & BAKERY
SUGARLAND, TX 77479
SBA Loan Lender
COMERICA BANK
1900 W LOOP SOUTH
HOUSTON, TX 77027
This lender issued this SBA small business loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
5812 - Eating Places
NAICS Code
722211 - Limited-Service Restaurants
Loan Approval Date
8/8/2002
Loan Approval Gross Amount
$147,500
Loan Approval from the SBA
Of the total $147,500 loan amount, the SBA guaranteed $125,375.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Frullati Cafe franchise. At the time of the loan, the company
had 7 employees. The SBA loan documents did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees.
Getting an SBA Loan For Your Business
SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.
The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Comerica Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Comerica Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.
The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.
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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Frullati Cafe & Bakery
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