Loan to Buy Cici's Pizza Franchise Issued By Comerica Bank

Need money to invest in a Cici's Pizza franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA.

Cici's Pizza franchise loans are available to Tallahassee, Florida entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Comerica Bank, based in Houston, Texas, issued an SBA franchise loan for a Cici's Pizza franchise in 2002. We've got all the details on this Florida small business loan.

SBA Loan Borrower

CICI'S PIZZA
TALLAHASSEE, FL 32304

SBA Loan Lender

COMERICA BANK
1900 W LOOP SOUTH
HOUSTON, TX 77027

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

2/16/2002

Loan Approval Gross Amount

$287,000

Loan Approval from the SBA

Of the total $287,000 loan amount, the SBA guaranteed $215,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Cici's Pizza franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help generate 28 new jobs and retain 30 existing jobs.

Start the Process for Getting an SBA Loan Today!

Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

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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