Huntingdon, TN Entrepreneur Gets SBA Loan to Buy Snappy Tomato Pizza Company Franchise

Need a loan to invest in a Snappy Tomato Pizza Company franchise? Carroll Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Huntingdon, Tennessee needed money to invest in a Snappy Tomato Pizza Company franchise back in 2003. Carroll Bank & Trust issued an SBA franchise loan. Here are the details on this Tennessee small business loan.

SBA Loan Borrower

SNAPPY TOMATO PIZZA
HUNTINGDON, TN 38344

SBA Loan Lender

CARROLL BANK & TRUST
19510 W MAIN ST
HUNTINGDON, TN 38344

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide commercial loans to American small businesses.

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

5/13/2003

Loan Approval Gross Amount

$23,000

Loan Approval from the SBA

Of the total $23,000 loan amount, the SBA guaranteed $19,550.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Snappy Tomato Pizza Company franchise. At the time of the loan, the company had 12 employees. The loan application did not indicate that the small business planned to use the money to add employees or retain any existing employees.

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

Many small businesses receive loans backed by the U.S. Small Business Administration.

This SBA loan was for $23,000. How would you spend $23,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Snappy Tomato Pizza

Business Credit Evaluation

SBA 7A Banks for Huntingdon, Tennessee Loans

Getting an SBA Loan in Tennessee