Alta Loma, CA Entrepreneur Gets SBA Loan to Buy Boston The Gourmet Pizza Franchise

Need a loan to purchase a Boston The Gourmet Pizza franchise? Inland Commun Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Boston The Gourmet Pizza franchise? If so, here's a 2004 SBA franchise loan that you should know about. Inland Commun Bank was the lender and the entrepreneur was based in Alta Loma, California.

SBA Loan Borrower

BOSTON'S THE GOURMET PIZZA
ALTA LOMA, CA 91737

SBA Loan Lender

INLAND COMMUN BANK
255 S RIVERSIDE AVE
RIALTO, CA 92376

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

9/9/2004

Loan Approval Gross Amount

$1,830,000

Loan Approval from the SBA

Of the total $1,830,000 loan amount, the SBA guaranteed $1,372,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Boston The Gourmet Pizza franchise. At the time of the loan, the company had 40 employees. The SBA loan documents indicated that the loan would help generate 40 new jobs and retain 40 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Boston's The Gourmet Pizza

Business Incubators

SBA 7A Banks in Rialto, California

SBA Lenders in California