Grass Valley, CA Entrepreneur Gets SBA Loan to Buy Papa Murphy's Take & Bake Pizza Franchise

Need money to invest in a Papa Murphy's Take & Bake Pizza franchise? Banco Popular North America has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Papa Murphy's Take & Bake Pizza franchise shouldn't be too tough. In 2006, Banco Popular North America issued an SBA franchise loan to an entrepreneur in Grass Valley, California. Because Papa Murphy's Take & Bake Pizza was registered with the SBA's registry of franchises, this California small business loan was issued on an expedited basis.

SBA Loan Borrower

PAPA MURPHY'S TAKE & BAKE PIZZ
GRASS VALLEY, CA 95949

SBA Loan Lender

BANCO POPULAR NORTH AMERICA
7 W 51ST ST, BETWEEN 5TH & 6T
NEW YORK CITY, NY 10019

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

3/24/2006

Loan Approval Gross Amount

$321,000

Loan Approval from the SBA

Of the total $321,000 loan amount, the SBA guaranteed $240,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Papa Murphy's Take & Bake Pizza franchise. At the time of the loan, the company had 10 employees. The loan application indicated that the loan would help generate 8 new jobs and retain 10 existing jobs.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a business in Grass Valley CA, you ought to talk with a local Grass Valley SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Grass Valley businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Banco Popular North America are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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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