Prime Pacific Bank, Na Provides SBA Loan to Buy Romio's Franchise

Borrowing money to purchase a Romio's franchise? Prime Pacific Bank, Na has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Romio's franchise may simply require a phone call to a local SBA banker. In 2000, Prime Pacific Bank, Na issued an SBA franchise loan to an entrepreneur in Bothell, Washington. Because Romio's was registered with the SBA's registry of franchises, this Washington small business loan was issued on an expedited basis.

SBA Loan Borrower

ROMIO'S PIZZA & PASTA
BOTHELL, WA 98011

SBA Loan Lender

PRIME PACIFIC BANK, NA
4710 196TH ST SW
LYNNWOOD, WA 98036

This business loan was sent in by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a complete analysis of the loan application and, in return, SBA provides a rapid loan approval or denial response.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

Loan Approval Date

4/3/2000

Loan Approval Gross Amount

$66,432

Loan Approval from the SBA

Of the total $66,432 loan amount, the SBA guaranteed $53,145.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Romio's franchise. At the time of the loan, the company had 7 employees. This SBA loan request did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

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

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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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