Iowa Entrepreneur Secures Financing to Buy Pizza Ranch Franchise

Need a loan to purchase a Pizza Ranch franchise? Iowa State Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Fairfield, Iowa needed money to invest in a Pizza Ranch franchise back in 2006. Iowa State Bank issued an SBA franchise loan. Here are the details on this Iowa small business loan.

SBA Loan Borrower

FAIRFIELD PIZZA RANCH, LLC
FAIRFIELD, IA 52556

SBA Loan Lender

IOWA STATE BANK
1101 MAIN ST
HULL, IA 51239

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.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

4/19/2006

Loan Approval Gross Amount

$42,500

Loan Approval from the SBA

Of the total $42,500 loan amount, the SBA guaranteed $36,125.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Pizza Ranch franchise. At the time of the loan, the company had 12 employees. The SBA loan documents did not indicate that the company promised to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

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

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 Iowa State Bank 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:

Alternative Financing

Small Business Banks in Hull, Iowa

SBA Participating Banks in Iowa