Christiansburg, VA Entrepreneur Gets SBA Loan to Buy Domino's Pizza Franchise

Borrowing money to invest in a Domino's Pizza franchise? First National Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Domino's Pizza franchise? If so, here's a 2002 SBA franchise loan that you should know about. First National Bank was the lender and the entrepreneur was based in Christiansburg, Virginia.

SBA Loan Borrower

DOMINO'S PIZZA
CHRISTIANSBURG, VA 24073

SBA Loan Lender

FIRST NATIONAL BANK
105 ARBOR DR
CHRISTIANSBURG, VA 24073

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

8/28/2002

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Domino's Pizza franchise. At the time of the loan, the company had 25 employees. The SBA loan documents did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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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