Frisco, TX Entrepreneur Gets SBA Loan to Buy Mr. Jim's Pizza Franchise

Need money to buy a Mr. Jim's Pizza franchise? Viewpoint Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Frisco, Texas and are interested in buying a Mr. Jim's Pizza franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2004 by Viewpoint Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

MR. JIM'S PIZZA
FRISCO, TX 75034

SBA Loan Lender

VIEWPOINT BANK
1309 W 15TH ST
PLANO, TX 75075

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide bank loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

4/28/2004

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 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 Mr. Jim's Pizza franchise. At the time of the loan, the company had 17 employees. The SBA loan documents did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees.

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

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $150,000 loan. Remember, fight for what you want, and it will be yours!

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:

Mr. Jim's Pizza

Role of Business Plan When Raising Money

SBA Approved Banks in Plano, Texas

SBA Lenders in Texas