Loan Census Banking News and Information
December 20, 2024  
 
 
  Business Loan Information  
 

Advice for Getting a Franchise Loan

 

 
Loan Census SBA Loan Info

Loan to Buy Two Men And A Truck Franchise Issued By Comerica Bank

Need a loan to invest in a Two Men And A Truck franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Two Men And A Truck franchise? If so, here's a 2005 SBA franchise loan that you should know about. Comerica Bank was the lender and the entrepreneur was based in West Palm Beach, Florida.

SBA Loan Borrower

TWO MEN AND A TRUCK
WEST PALM BEACH, FL 33407

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

484110 - General Freight Trucking, Local

Loan Approval Date

3/22/2005

Loan Approval Gross Amount

$197,000

Loan Approval from the SBA

Of the total $197,000 loan amount, the SBA guaranteed $147,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Two Men And A Truck franchise. At the time of the loan, the company had only one employee. This SBA loan request indicated that the borrowed money would help generate 4 new jobs.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Two Men And A Truck International, Inc.

Angel Investors

Best Banks for Small Business in Dallas, Texas

SBA Lenders in Texas