Loan to Buy Fortel's Pizza Den Franchise Issued By First National Bank - St. Louis

Borrowing money to purchase a Fortel's Pizza Den franchise? First National Bank - St. Louis has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Eureka, Missouri needed money to invest in a Fortel's Pizza Den franchise back in 2002. First National Bank - St. Louis issued an SBA franchise loan. Here are the details on this Missouri small business loan.

SBA Loan Borrower

FORTELS PIZZA DEN
EUREKA, MO 63015

SBA Loan Lender

FIRST NATIONAL BANK - ST. LOUIS
12244 TESSON FERRY RD
SAINT LOUIS, MO 63128

This lender issued this SBA bank loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

3/5/2002

Loan Approval Gross Amount

$225,000

Loan Approval from the SBA

Of the total $225,000 loan amount, the SBA guaranteed $168,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Fortel's Pizza Den franchise. At the time of the loan, the company had 30 employees. The SBA loan documents did not indicate that the company promised to use the funding to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide smart, affordable business financing for small businesses looking to expand.

While you may be able to find business people willing to loan money, 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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