Loan to Buy Breadeaux Pizza Franchise Issued By Community State Bank

Borrowing money to buy a Breadeaux Pizza franchise? Community State Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Altoona, Iowa needed money to invest in a Breadeaux Pizza franchise back in 2000. Community State Bank issued an SBA franchise loan. Here are the details on this Iowa small business loan.

SBA Loan Borrower

BREADEAUX PIZZA
ALTOONA, IA 50009

SBA Loan Lender

COMMUNITY STATE BANK
1401 N JEFFERSON
INDIANOLA, IA 50125

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

6/13/2000

Loan Approval Gross Amount

$65,000

Loan Approval from the SBA

Of the total $65,000 loan amount, the SBA guaranteed $52,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Breadeaux Pizza franchise. At the time of the loan, the company had 8 employees. This SBA loan request did not indicate that the company planned to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

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

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Community State Bank and they will explain how you can get an SBA loan for your company.

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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