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November 21, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > San Jose, Business Loans > Heritage Bank Of Commerce San Jose Business Loans > Akai Pizza, Inc Dba Mtn Mike's Loan | ||||
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Where to Get a Bank Loan to Purchase a Franchise
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Heritage Bank Of Commerce Provides SBA Loan to Buy Mountain Mike's Pizza FranchiseNeed a loan to invest in a Mountain Mike's Pizza franchise? Heritage Bank Of Commerce has a history of making these loans and they are guaranteed by the SBA. Mountain Mike's Pizza franchise loans are available to Antioch, California entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Heritage Bank Of Commerce, based in San Jose, California, issued an SBA franchise loan for a Mountain Mike's Pizza franchise in 2006. We've got all the details on this California small business loan. SBA Loan Borrower AKAI PIZZA, INC DBA MTN MIKE'S SBA Loan Lender HERITAGE BANK OF COMMERCE 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 9/21/2006 Loan Approval Gross Amount $250,000 Loan Approval from the SBA Of the total $250,000 loan amount, the SBA guaranteed $187,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Mountain Mike's Pizza franchise. At the time of the loan, the company had 20 employees. The SBA loan application for the borrower indicated that the loan would help retain 20 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. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Heritage Bank Of Commerce that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Best Banks for Small Business in San Jose, California
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