Loan to Buy Mr. Jim's Pizza Franchise Issued By United Central Bank

Need a loan to purchase a Mr. Jim's Pizza franchise? United Central Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Mr. Jim's Pizza franchise requires some effort but others before you have been successful. In 2007, United Central Bank issued an SBA franchise loan to an entrepreneur in Frisco, Texas. Because Mr. Jim's Pizza was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis.

SBA Loan Borrower

CMEC HOLDINGS LLC
FRISCO, TX 75034

SBA Loan Lender

UNITED CENTRAL BANK
4555 W WALNUT ST
GARLAND, TX 75042

This lender provides SBA bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

5/11/2007

Loan Approval Gross Amount

$499,900

Loan Approval from the SBA

Of the total $499,900 loan amount, the SBA guaranteed $374,925.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Mr. Jim's Pizza franchise. At the time of the loan, the company had only one employee. This SBA loan request indicated that the loan would help generate 54 new jobs and retain 55 existing jobs.

Start the Process for Getting an SBA Loan Today!

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.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from United Central Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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