Columbus, IN Entrepreneur Gets SBA Loan to Buy Snappy Tomato Pizza Company Franchise

Need a loan to purchase a Snappy Tomato Pizza Company franchise? Indiana Bank And Trust has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Snappy Tomato Pizza Company franchise is doable. In 2002, Indiana Bank And Trust issued an SBA franchise loan to an entrepreneur in Columbus, Indiana. Because Snappy Tomato Pizza Company was registered with the SBA's registry of franchises, this Indiana small business loan was issued on an expedited basis.

SBA Loan Borrower

SNAPPY TOMATO PIZZA
COLUMBUS, IN 47201

SBA Loan Lender

INDIANA BANK AND TRUST
3801 TUPELO DR
COLUMBUS, IN 47201

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

722110 - Full-Service Restaurants

Loan Approval Date

2/28/2002

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Snappy Tomato Pizza Company franchise. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

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

Snappy Tomato Pizza

Business Line of Credit

Who Lends Money to Small Businesses in Columbus, Indiana

Getting an SBA Loan in Indiana