Iowa Entrepreneur Secures Financing to Buy Paul Revere's Pizza Franchise

Borrowing money to invest in a Paul Revere's Pizza franchise? State Central Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Fort Madison, Iowa and are interested in buying a Paul Revere's Pizza franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2005 by State Central Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

PAUL REVERE'S PIZZA
FORT MADISON, IA 52627

SBA Loan Lender

STATE CENTRAL BANK
601 MAIN ST
KEOKUK, IA 52632

This was a Low Documentation SBA loan. The SBA launched this program to limit the paperwork associated with appliying for an SBA loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

4/1/2005

Loan Approval Gross Amount

$107,100

Loan Approval from the SBA

Of the total $107,100 loan amount, the SBA guaranteed $91,035.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Paul Revere's Pizza franchise. At the time of the loan, the company had 5 employees. The loan application did not indicate that the business promised 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?

Many small businesses receive loans backed by the U.S. Small Business Administration.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Paul Revere's Pizza

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Find an SBA Lender in Keokuk, Iowa

Iowa SBA Bank Lenders