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November 21, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Dallas, Business Loans > Comerica Bank Dallas Business Loans > The Melting Pot Loan | ||||
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Thousand Oaks, California Bank Loan
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Comerica Bank Provides SBA Loan to Buy Melting Pot FranchiseNeed money to buy a Melting Pot franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Thousand Oaks, California needed money to invest in a Melting Pot franchise back in 2004. Comerica Bank issued an SBA franchise loan. Here are the details on this California small business loan. SBA Loan Borrower THE MELTING POT SBA Loan Lender COMERICA BANK 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 3/22/2004 Loan Approval Gross Amount $636,700 Loan Approval from the SBA Of the total $636,700 loan amount, the SBA guaranteed $477,525. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Melting Pot franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help generate 20 new jobs and retain 20 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. 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: Melting Pot Fondue Restaurants Small Bank Loans in Dallas, Texas
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