Iowa Entrepreneur Secures Financing to Buy Red Wheel Pizza Fundraising Franchise

Borrowing money to purchase a Red Wheel Pizza Fundraising franchise? American National Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Red Wheel Pizza Fundraising franchise may simply require a phone call to a local SBA banker. In 2004, American National Bank issued an SBA franchise loan to an entrepreneur in Council Bluffs, Iowa. Because Red Wheel Pizza Fundraising was registered with the SBA's registry of franchises, this Iowa small business loan was issued on an expedited basis.

SBA Loan Borrower

RED WHEEL FUND RAISING
COUNCIL BLUFFS, IA 51501

SBA Loan Lender

AMERICAN NATIONAL BANK
8990 W DODGE RD
OMAHA, NE 68114

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.

SIC Code

6794 - Patent Owners and Lessors

NAICS Code

561499 - Business Support Services

Loan Approval Date

10/8/2004

Loan Approval Gross Amount

$515,000

Loan Approval from the SBA

Of the total $515,000 loan amount, the SBA guaranteed $324,450.

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 documents did not indicate that the business planned to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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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Getting an SBA Loan in Nebraska