Borrow Money to Buy a Pizza Inn Franchise

Need money to buy a Pizza Inn franchise? The Bank Of Fayetteville has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Fayetteville, Arkansas needed money to invest in a Pizza Inn franchise back in 2004. The Bank Of Fayetteville issued an SBA franchise loan. Here are the details on this Arkansas small business loan.

SBA Loan Borrower

PIZZA INN
FAYETTEVILLE, AR 72703

SBA Loan Lender

THE BANK OF FAYETTEVILLE
ONE S BLOCK ST
FAYETTEVILLE, AR 72701

This lender issued this SBA small business 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.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

1/23/2004

Loan Approval Gross Amount

$266,120

Loan Approval from the SBA

Of the total $266,120 loan amount, the SBA guaranteed $199,590.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Pizza Inn franchise. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees.

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

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

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. The Bank Of Fayetteville had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, The Bank Of Fayetteville made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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