Entrepreneur Works With Dallas, Texas Bank to Get an SBA Loan

Find Dallas, Texas banks that specialize in SBA loans and know how to work with entrepreneurs. Comerica Bank is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in Upland, California starts with an understanding of who else has gotten loans in the area. In this case, a small company received funding from Comerica Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: ICE CREAM AND FROZEN DESSERT MANUFACTURING
UPLAND, CA 91786

SBA Loan Lender

COMERICA BANK
1717 MAIN
DALLAS, TX 75201

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

311520 - Ice Cream and Frozen Dessert Manufacturing

Loan Approval Date

4/30/2003

Loan Approval Gross Amount

$1,357,500

Loan Approval from the SBA

Of the total $1,357,500 loan amount, the SBA guaranteed $950,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 23 employees. The SBA loan documents indicated that the loan would help generate 6 new jobs and retain 23 existing jobs.

Next Steps for Getting an SBA Loan

If you need business start up money in Upland CA, you ought to talk with a local Upland SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Upland businesses.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Comerica Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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