Breckenridge, TX Entrepreneur Gets SBA Loan to Buy Mr. Jim's Pizza Franchise

Need money to purchase a Mr. Jim's Pizza franchise? Citizens National Bank - Breckenridg has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Mr. Jim's Pizza franchise may simply require a phone call to a local SBA banker. In 2003, Citizens National Bank - Breckenridg issued an SBA franchise loan to an entrepreneur in Breckenridge, Texas. Because Mr. Jim's Pizza was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis.

SBA Loan Borrower

MR. JIM'S PIZZA
BRECKENRIDGE, TX 76424

SBA Loan Lender

CITIZENS NATIONAL BANK - BRECKENRIDG
301 W WALKER
BRECKENRIDGE, TX 76424

This lender issued this particular bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

6/16/2003

Loan Approval Gross Amount

$72,000

Loan Approval from the SBA

Of the total $72,000 loan amount, the SBA guaranteed $61,200.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Mr. Jim's Pizza franchise. At the time of the loan, the company had 14 employees. This SBA loan request did not indicate that the small business planned to use the funding to increase staffing levels or retain any existing employees.

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.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $72,000 loan. Remember, where there is a will, there is a way!

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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