Loan to Buy Pizza Schmizza Franchise Issued By Panhandle State Bank

Need money to purchase a Pizza Schmizza franchise? Panhandle State Bank has a history of making these loans and they are guaranteed by the SBA.

Pizza Schmizza franchise loans are available to Coeur D Alene, Idaho entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Panhandle State Bank, based in Sandpoint, Idaho, issued an SBA franchise loan for a Pizza Schmizza franchise in 2006. We've got all the details on this Idaho small business loan.

SBA Loan Borrower

PIZZA SCHMIZZA
COEUR D ALENE, ID 83814

SBA Loan Lender

PANHANDLE STATE BANK
231 N THIRD
SANDPOINT, ID 83864

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

11/14/2006

Loan Approval Gross Amount

$237,600

Loan Approval from the SBA

Of the total $237,600 loan amount, the SBA guaranteed $178,200.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Pizza Schmizza franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 4 new jobs and retain 6 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

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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