Loan to Buy Papa Murphy's Take & Bake Pizza Franchise Issued By U.S. Bank National Association
Need money to buy a Papa Murphy's Take & Bake Pizza franchise? U.S. Bank National Association has a history of making these loans and they are guaranteed by the SBA.
Want to borrow money to buy a Papa Murphy's Take & Bake Pizza franchise? If so, here's a 2005 SBA franchise loan that you should know about. U.S. Bank National Association was the lender and the entrepreneur was based in Arden Hills, Minnesota.
SBA Loan Borrower
PAPA MURPHY'S
ARDEN HILLS, MN 55112
SBA Loan Lender
U.S. BANK NATIONAL ASSOCIATION
425 WALNUT ST
CINCINNATI, OH 45202
This lender issued this SBA loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
722211 - Limited-Service Restaurants
Loan Approval Date
5/3/2005
Loan Approval Gross Amount
$50,000
Loan Approval from the SBA
Of the total $50,000 loan amount, the SBA guaranteed $42,500.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was used to buy a Papa Murphy's Take & Bake Pizza franchise. At the time of the loan, the company
had 20 employees. The SBA loan documents indicated that the loan would help generate 10 new jobs and retain 30 existing jobs.
Start the Process for Getting an SBA Loan Today!
Many small businesses receive loans backed by the U.S. Small Business Administration.
This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer 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.
Related Links:
Business Incubators
SBA Participating Banks in Cincinnati, Ohio
SBA Ohio Banks