Indiana Entrepreneur Secures Financing to Buy Snappy Tomato Pizza Company Franchise

Need a loan to buy 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 2003, 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

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide debt financing to to entrepreneurs who might have trouble getting a conventional bank loan.

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

6/20/2003

Loan Approval Gross Amount

$172,448

Loan Approval from the SBA

Of the total $172,448 loan amount, the SBA guaranteed $129,336.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Snappy Tomato Pizza Company franchise. At the time of the loan, the company had 26 employees. The SBA loan application for the borrower did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Indiana Bank And Trust so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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