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November 15, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Henderson, Business Loans > Washington Mutual Bank Henderson Business Loans > Cici's Pizza Loan | ||||
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Chester, Virginia Bank for SBA Loans
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Virginia Entrepreneur Secures Financing to Buy Cici's Pizza FranchiseNeed money to invest in a Cici's Pizza franchise? Washington Mutual Bank has a history of making these loans and they are guaranteed by the SBA. If you live near Chester, Virginia and are interested in buying a Cici's Pizza franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2002 by Washington Mutual Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower CICI'S PIZZA SBA Loan Lender WASHINGTON MUTUAL BANK This lender provides SBA business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 3/19/2002 Loan Approval Gross Amount $315,000 Loan Approval from the SBA Of the total $315,000 loan amount, the SBA guaranteed $236,250. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Cici's Pizza franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help generate 15 new jobs and retain 15 existing jobs. Great, But How Can I Get an SBA Loan for My Business? Don't apply for a loan directly with the SBA. You need to 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 are raising money for operating expenses? 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: SBA 7A Banks for Henderson, Nevada Loans
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