Borrow Money to Buy a Snappy Tomato Pizza Company Franchise

Need a loan to buy a Snappy Tomato Pizza Company franchise? Hometown Bank - Corbin Inc. D/b/ has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Snappy Tomato Pizza Company franchise shouldn't be overly burdensome. In 2008, Hometown Bank - Corbin Inc. D/b/ issued an SBA franchise loan to an entrepreneur in Corbin, Kentucky. Because Snappy Tomato Pizza Company was registered with the SBA's registry of franchises, this Kentucky small business loan was issued on an expedited basis.

SBA Loan Borrower

RAPCO, INC
CORBIN, KY 40701

SBA Loan Lender

HOMETOWN BANK - CORBIN INC. D/B/
1030 CUMBERLAND FALLS HWY
CORBIN, KY 40701

This SBA small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

1/9/2008

Loan Approval Gross Amount

$82,500

Loan Approval from the SBA

Of the total $82,500 loan amount, the SBA guaranteed $70,125.

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 10 employees. The SBA loan application for the borrower indicated that the loan would help generate 3 new jobs and retain 10 existing jobs.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $82,500 loan. Remember, feel the fear, and do it anyway.

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

Microlending as a Small Business Funding Source

SBA 7A Banks for Corbin, Kentucky Loans

Getting an SBA Loan in Kentucky