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November 14, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Omaha, Business Loans > American National Bank Omaha Business Loans > Red Wheel Fund Raising Loan | ||||
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Where to Get a Business Loan to Purchase a Franchise
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Iowa Entrepreneur Secures Financing to Buy Red Wheel Pizza Fundraising FranchiseBorrowing money to buy a Red Wheel Pizza Fundraising franchise? American National Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Council Bluffs, Iowa needed money to invest in a Red Wheel Pizza Fundraising franchise back in 2004. American National Bank issued an SBA franchise loan. Here are the details on this Iowa small business loan. SBA Loan Borrower RED WHEEL FUND RAISING SBA Loan Lender AMERICAN NATIONAL BANK This commercial 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. SIC Code 6794 - Patent Owners and Lessors NAICS Code 561499 - Business Support Services Loan Approval Date 10/8/2004 Loan Approval Gross Amount $900,000 Loan Approval from the SBA Of the total $900,000 loan amount, the SBA guaranteed $675,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Red Wheel Pizza Fundraising franchise. At the time of the loan, the company had 20 employees. The SBA loan application for the borrower did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. This SBA loan was for $900,000. How would you spend $900,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Banking Deregulation's Effects on Entrepreneurship
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