Loan to Buy Figaro's Italian Pizza Franchise Issued By First-Knox National Bank

Borrowing money to buy a Figaro's Italian Pizza franchise? First-Knox National Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Figaro's Italian Pizza franchise shouldn't be overly burdensome. In 2005, First-Knox National Bank issued an SBA franchise loan to an entrepreneur in Coshocton, Ohio. Because Figaro's Italian Pizza was registered with the SBA's registry of franchises, this Ohio small business loan was issued on an expedited basis.

SBA Loan Borrower

FIGARO'S PIZZA (FIGARO'S PIZZA
COSHOCTON, OH 43812

SBA Loan Lender

FIRST-KNOX NATIONAL BANK
1 S MAIN ST
MOUNT VERNON, OH 43050

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

5/11/2005

Loan Approval Gross Amount

$110,000

Loan Approval from the SBA

Of the total $110,000 loan amount, the SBA guaranteed $93,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Figaro's Italian Pizza franchise. At the time of the loan, the company had 12 employees. The loan application did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

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

We can help you find the best banks for small businesses in Coshocton or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Figaro's Italian Pizza, Inc.

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