Loan to Buy The Pita Pit Franchise Issued By Irwin Union Bank & Trust

Need a loan to purchase a Pita Pit franchise? Irwin Union Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

The Pita Pit franchise loans are available to Bloomington, Indiana entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Irwin Union Bank & Trust, based in Columbus, Indiana, issued an SBA franchise loan for a The Pita Pit franchise in 2006. We've got all the details on this Indiana small business loan.

SBA Loan Borrower

INDY PITA, LLC
BLOOMINGTON, IN 47401

SBA Loan Lender

IRWIN UNION BANK & TRUST
500 WASHINGTON ST
COLUMBUS, IN 47201

This SBA small business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

11/29/2006

Loan Approval Gross Amount

$25,000

Loan Approval from the SBA

Of the total $25,000 loan amount, the SBA guaranteed $12,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a The Pita Pit franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help generate 26 new jobs and retain 2 existing jobs.

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

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

This SBA loan was for $25,000. How would you spend $25,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Pita Pit

Business Line of Credit

SBA Approved Banks in Columbus, Indiana

Getting an SBA Loan in Indiana