Vacaville, CA Entrepreneur Gets SBA Loan to Buy Melo's Pizza And Pasta Franchise

Borrowing money to purchase a Melo's Pizza And Pasta franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Vacaville, California and are interested in buying a Melo's Pizza And Pasta franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2001 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

MELO'S PIZZA & PASTA
VACAVILLE, CA 95687

SBA Loan Lender

COMERICA BANK
1717 MAIN
DALLAS, TX 75201

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

11/6/2001

Loan Approval Gross Amount

$951,000

Loan Approval from the SBA

Of the total $951,000 loan amount, the SBA guaranteed $713,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Melo's Pizza And Pasta franchise. At the time of the loan, the company had 3 employees. The loan application indicated that the loan would help generate 37 new jobs and retain 40 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Comerica Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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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