Fresno, CA Entrepreneur Gets SBA Loan to Buy Domino's Pizza Franchise
Borrowing money to buy a Domino's Pizza franchise? Greater Bay Bank has a history of making these loans and they are guaranteed by the SBA.
Domino's Pizza franchise loans are available to Fresno, California entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Greater Bay Bank, based in Palo Alto, California, issued an SBA franchise loan for a Domino's Pizza franchise in 2005. We've got all the details on this California small business loan.
SBA Loan Borrower
DOMINO'S PIZZA
FRESNO, CA 93720
SBA Loan Lender
GREATER BAY BANK
420 COWPER ST
PALO ALTO, CA 94301
As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
445299 - Specialty Food Stores
Loan Approval Date
11/23/2005
Loan Approval Gross Amount
$1,440,000
Loan Approval from the SBA
Of the total $1,440,000 loan amount, the SBA guaranteed $1,080,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was used to buy a Domino's Pizza franchise. At the time of the loan, the company
had 49 employees. The SBA loan documents indicated that the loan would help generate 51 new jobs and retain 101 existing jobs.
Getting an SBA Loan For Your Business
SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.
Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Greater Bay Bank and they will explain how you can get an SBA loan for your company.
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:
Domino's Pizza
Accountant's Role in Securing Financing
SBA Banks in Palo Alto, California
California SBA 7A Banks