Acworth, GA Entrepreneur Gets SBA Loan to Buy Steve's Place Pizza Pasta And Grill Franchise

Need money to buy a Steve's Place Pizza Pasta And Grill franchise? Banco Popular North America has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Steve's Place Pizza Pasta And Grill franchise requires some effort but others before you have been successful. In 2006, Banco Popular North America issued an SBA franchise loan to an entrepreneur in Acworth, Georgia. Because Steve's Place Pizza Pasta And Grill was registered with the SBA's registry of franchises, this Georgia small business loan was issued on an expedited basis.

SBA Loan Borrower

STEVI B'S PIZZA BUFFET
ACWORTH, GA 30328

SBA Loan Lender

BANCO POPULAR NORTH AMERICA
7 W 51ST ST, BETWEEN 5TH & 6T
NEW YORK CITY, NY 10019

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

9/20/2006

Loan Approval Gross Amount

$538,900

Loan Approval from the SBA

Of the total $538,900 loan amount, the SBA guaranteed $404,175.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Steve's Place Pizza Pasta And Grill franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help generate 33 new jobs and retain 35 existing jobs.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Banco Popular North America 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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