Borrow Money to Buy a Deangelo's Pizzeria Company Franchise

Borrowing money to buy a Deangelo's Pizzeria Company franchise? Source Business & Indust Devel Cor has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Deangelo's Pizzeria Company franchise shouldn't be too tough. In 2002, Source Business & Indust Devel Cor issued an SBA franchise loan to an entrepreneur in Baton Rouge, Louisiana. Because Deangelo's Pizzeria Company was registered with the SBA's registry of franchises, this Louisiana small business loan was issued on an expedited basis.

SBA Loan Borrower

DEANGLEO'S PIZZERIA COMPANY
BATON ROUGE, LA 70817

SBA Loan Lender

SOURCE BUSINESS & INDUST DEVEL COR
9400 OLD HAMMOND HIGHWAY,
BATON ROUGE, LA 70809

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

9/6/2002

Loan Approval Gross Amount

$1,333,000

Loan Approval from the SBA

Of the total $1,333,000 loan amount, the SBA guaranteed $999,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Deangelo's Pizzeria Company franchise. At the time of the loan, the company had only one employee. This SBA loan request indicated that the loan would help generate 75 new jobs and retain 75 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $1,333,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Bank Credit Lines

SBA 7A Banks for Baton Rouge, Louisiana Loans

Louisiana SBA 7A Banks