Frankfort, KY Entrepreneur Gets SBA Loan to Buy Figaro's Italian Pizza Franchise

Need money to purchase a Figaro's Italian Pizza franchise? American Founders Bank, Inc. has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Figaro's Italian Pizza franchise requires some effort but others before you have been successful. In 2003, American Founders Bank, Inc. issued an SBA franchise loan to an entrepreneur in Frankfort, Kentucky. Because Figaro's Italian Pizza was registered with the SBA's registry of franchises, this Kentucky small business loan was issued on an expedited basis.

SBA Loan Borrower

FIGARO'S ITALIAN PIZZA
FRANKFORT, KY 40601

SBA Loan Lender

AMERICAN FOUNDERS BANK, INC.
201 LIMESTONE DR
FRANKFORT, KY 40601

This lender issued this loan under the SBA 7A lending 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

722110 - Full-Service Restaurants

Loan Approval Date

9/4/2003

Loan Approval Gross Amount

$170,000

Loan Approval from the SBA

Of the total $170,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Figaro's Italian Pizza franchise. At the time of the loan, the company had 15 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the money to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

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.

Related Links:

Figaro's Italian Pizza, Inc.

Microlending as a Small Business Funding Source

Where to Get an SBA Loan in Frankfort, Kentucky

SBA Kentucky Banks