Borrow Money to Buy a Cici's Pizza Franchise

Borrowing money to invest in a Cici's Pizza franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA.

Cici's Pizza franchise loans are available to Albuquerque, New Mexico entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Wells Fargo Bank, based in Austin, Texas, issued an SBA franchise loan for a Cici's Pizza franchise in 2001. We've got all the details on this New Mexico small business loan.

SBA Loan Borrower

DELADES LLC
ALBUQUERQUE, NM 87110

SBA Loan Lender

WELLS FARGO BANK
912 S HWY 183
AUSTIN, TX 78741

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

12/21/2001

Loan Approval Gross Amount

$310,000

Loan Approval from the SBA

Of the total $310,000 loan amount, the SBA guaranteed $232,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Cici's Pizza franchise. At the time of the loan, the company had 68 employees. The SBA loan documents indicated that the loan would help generate 98 new jobs and retain 68 existing jobs.

Start the Process for Getting an SBA Loan Today!

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

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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:

CiCi's Pizza

Small Business Loan

Find an SBA Lender in Austin, Texas

Texas SBA Banks