Borrow Money to Buy a Craigo's Pizza Franchise

Borrowing money to buy a Craigo's Pizza franchise? Omnibank, National Association has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Craigo's Pizza franchise? If so, here's a 2007 SBA franchise loan that you should know about. Omnibank, National Association was the lender and the entrepreneur was based in Austin, Texas.

SBA Loan Borrower

CRAIG O'S PIZZA & PASTARIA - O
AUSTIN, TX 78747

SBA Loan Lender

OMNIBANK, NATIONAL ASSOCIATION
4328 OLD SPANISH TRL
HOUSTON, TX 77021

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.

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

1/18/2007

Loan Approval Gross Amount

$314,100

Loan Approval from the SBA

Of the total $314,100 loan amount, the SBA guaranteed $235,575.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Craigo's Pizza franchise. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

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 Omnibank, National Association 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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