Loan to Buy Pasquale's Pizza Franchise Issued By Loans From Old Closed Lenders

Need money to buy a Pasquale's Pizza franchise? Loans From Old Closed Lenders has a history of making these loans and they are guaranteed by the SBA.

Pasquale's Pizza franchise loans are available to Duluth, Georgia entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Loans From Old Closed Lenders, based in Washington, District of Columbia, issued an SBA franchise loan for a Pasquale's Pizza franchise in 2000. We've got all the details on this Georgia small business loan.

SBA Loan Borrower

PASQUALE'S PASTA & PIZZA
DULUTH, GA 30096

SBA Loan Lender

LOANS FROM OLD CLOSED LENDERS
409 3RD STREET S.W., SUITE 83
WASHINGTON, DC 20416

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

Loan Approval Date

9/15/2000

Loan Approval Gross Amount

$154,900

Loan Approval from the SBA

Of the total $154,900 loan amount, the SBA guaranteed $116,175.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Pasquale's Pizza franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help generate 14 new jobs and retain 15 existing jobs.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Loans From Old Closed Lenders and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Role of Business Plan When Raising Money

SBA Banks in Washington, District of Columbia

SBA Participating Banks in District of Columbia