North Dakota Entrepreneur Secures Financing to Buy Pizza Ranch Franchise

Need money to invest in a Pizza Ranch franchise? Bank Forward has a history of making these loans and they are guaranteed by the SBA.

If you live near Carrington, North Dakota and are interested in buying a Pizza Ranch franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2004 by Bank Forward. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

PIZZA RANCH OF CARRINGTON INC
CARRINGTON, ND 58421

SBA Loan Lender

BANK FORWARD
390 WHEAT ST
HANNAFORD, ND 58448

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

11/30/2004

Loan Approval Gross Amount

$12,000

Loan Approval from the SBA

Of the total $12,000 loan amount, the SBA guaranteed $10,200.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Pizza Ranch franchise. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Bank Forward had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Bank Forward made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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The Friends and Family Network

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