Borrow Money to Buy a Sicily's Pizza Franchise

Need a loan to invest in a Sicily's Pizza franchise? Source Business & Indust Devel Cor has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Sicily's Pizza franchise? If so, here's a 2000 SBA franchise loan that you should know about. Source Business & Indust Devel Cor was the lender and the entrepreneur was based in Baton Rouge, Louisiana.

SBA Loan Borrower

NORTH PIZZA INC
BATON ROUGE, LA 70809

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

722211 - Limited-Service Restaurants

Loan Approval Date

12/27/2000

Loan Approval Gross Amount

$612,000

Loan Approval from the SBA

Of the total $612,000 loan amount, the SBA guaranteed $459,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Sicily's Pizza franchise. At the time of the loan, the company had 92 employees. The loan application indicated that the loan would help generate 75 new jobs and retain 20 existing jobs.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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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