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November 15, 2024 |
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| Home > Small Business Lenders by State > Idaho Business Loan Sources > Sandpoint, Business Loans > Panhandle State Bank Sandpoint Business Loans > The Pizza Factory Loan | ||||
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Raising Money in Bonners Ferry, Idaho With SBA Loans
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Idaho Entrepreneur Secures Financing to Buy Pizza Factory FranchiseNeed a loan to purchase a Pizza Factory franchise? Panhandle State Bank has a history of making these loans and they are guaranteed by the SBA. If you live near Bonners Ferry, Idaho and are interested in buying a Pizza Factory franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2006 by Panhandle State Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower THE PIZZA FACTORY SBA Loan Lender PANHANDLE STATE BANK Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 9/13/2006 Loan Approval Gross Amount $141,000 Loan Approval from the SBA Of the total $141,000 loan amount, the SBA guaranteed $119,850. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Pizza Factory franchise. At the time of the loan, the company had 18 employees. The SBA loan documents indicated that the loan would help retain 18 existing jobs. Great, But How Can I Get an SBA Loan for My Business? Remember, 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. 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. Related Links: Where to Get an SBA Loan in Sandpoint, Idaho
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