Columbia, MO Entrepreneur Gets SBA Loan to Buy Imo's Pizza Franchise

Need money to purchase an Imo's Pizza franchise? First National Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

If you live near Columbia, Missouri and are interested in buying an Imo's Pizza franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2002 by First National Bank & Trust. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

IMOS PIZZA
COLUMBIA, MO 65202

SBA Loan Lender

FIRST NATIONAL BANK & TRUST
109 E NIFONG BLVD
COLUMBIA, MO 65203

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.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

6/27/2002

Loan Approval Gross Amount

$148,000

Loan Approval from the SBA

Of the total $148,000 loan amount, the SBA guaranteed $125,800.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Imo's Pizza franchise. At the time of the loan, the company had 20 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the funding to add employees or retain any existing employees.

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

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

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Imo's Pizza

Obtaining Funding - How to Borrow Money

SBA 7A Banks in Columbia, Missouri

SBA Participating Banks in Missouri