Fargo, ND Entrepreneur Gets SBA Loan to Buy Pizzeria Uno's restaurant Franchise

Borrowing money to purchase a Pizzeria Uno's restaurant franchise? Ramsey National Bank & Trust - Devi has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Fargo, North Dakota needed money to invest in a Pizzeria Uno's restaurant franchise back in 2002. Ramsey National Bank & Trust - Devi issued an SBA franchise loan. Here are the details on this North Dakota small business loan.

SBA Loan Borrower

WISCONSIN OC MANAGEMENT
FARGO, ND 58104

SBA Loan Lender

RAMSEY NATIONAL BANK & TRUST - DEVI
3232 25TH ST SOUTH
FARGO, ND 58106

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide business loans to American small businesses.

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

8/21/2002

Loan Approval Gross Amount

$584,000

Loan Approval from the SBA

Of the total $584,000 loan amount, the SBA guaranteed $438,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Pizzeria Uno's restaurant franchise. At the time of the loan, the company had 150 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned 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 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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