Bank Of America Provides SBA Loan to Buy Toppers Pizza Franchise

Need a loan to buy a Toppers Pizza franchise? Bank Of America has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Charlotte, North Carolina needed money to invest in a Toppers Pizza franchise back in 2001. Bank Of America issued an SBA franchise loan. Here are the details on this North Carolina small business loan.

SBA Loan Borrower

TOPPERS PIZZA
CHARLOTTE, NC 28226

SBA Loan Lender

BANK OF AMERICA
100 N TRYON ST
CHARLOTTE, NC 28255

The lender provided this SBA loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

8/1/2001

Loan Approval Gross Amount

$81,300

Loan Approval from the SBA

Of the total $81,300 loan amount, the SBA guaranteed $40,650.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Toppers Pizza franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help generate 15 new jobs and retain 17 existing jobs.

Next Steps for Getting an SBA Loan

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.

This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you want money to buy a franchise? 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.

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