Loan to Buy Breadeaux Pizza Franchise Issued By Guthrie County State Bank

Need money to buy a Breadeaux Pizza franchise? Guthrie County State Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Guthrie Center, Iowa needed money to invest in a Breadeaux Pizza franchise back in 2002. Guthrie County State Bank issued an SBA franchise loan. Here are the details on this Iowa small business loan.

SBA Loan Borrower

BREADEAUX PIZZA
GUTHRIE CENTER, IA 50115

SBA Loan Lender

GUTHRIE COUNTY STATE BANK
400 STATE ST
GUTHRIE CENTER, IA 50115

This was a Low Documentation SBA loan. The SBA created this program to limit the paperwork associated with getting a loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

7/10/2002

Loan Approval Gross Amount

$77,000

Loan Approval from the SBA

Of the total $77,000 loan amount, the SBA guaranteed $65,450.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Breadeaux Pizza franchise. At the time of the loan, the company had 7 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are wondering how to find money to start a business or need money for an existing business, an SBA loan can be a great source of funding.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Guthrie County State 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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