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November 21, 2024  
 
 
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Where to Get an SBA Loan to Purchase a Franchise

 

 
Loan Census SBA Loan Info

Borrow Money to Buy a Marco's Pizza Franchise

Borrowing money to buy a Marco's Pizza franchise? Community Bank Of Nevada has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Marco's Pizza franchise may simply require a phone call to a local SBA banker. In 2004, Community Bank Of Nevada issued an SBA franchise loan to an entrepreneur in Boulder City, Nevada. Because Marco's Pizza was registered with the SBA's registry of franchises, this Nevada small business loan was issued on an expedited basis.

SBA Loan Borrower

MARCO'S PIZZA HENDERSON
BOULDER CITY, NV 89005

SBA Loan Lender

COMMUNITY BANK OF NEVADA
4343 E SUNSET RD
HENDERSON, NV 89134

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

12/16/2004

Loan Approval Gross Amount

$711,000

Loan Approval from the SBA

Of the total $711,000 loan amount, the SBA guaranteed $533,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Marco's Pizza franchise. At the time of the loan, the company had 95 employees. The loan application indicated that the borrowed money would help create 95 new jobs.

Start the Process for Getting an SBA Loan Today!

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Marco's Pizza

Startup Funding Tip

SBA 7A Banks for Henderson, Nevada Loans

Nevada SBA 7A Lenders