Home State Bank Provides SBA Loan to Buy Pizza Ranch Franchise

Borrowing money to purchase a Pizza Ranch franchise? Home State Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Jefferson, Iowa and are interested in buying a Pizza Ranch franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2001 by Home State Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

JEFFERSON PIZZA RANCH
JEFFERSON, IA 50129

SBA Loan Lender

HOME STATE BANK
115 W STATE ST
JEFFERSON, IA 50129

This was a Low Documentation SBA loan. The SBA launched this program to limit the paperwork associated with borrowing money. The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

4/23/2001

Loan Approval Gross Amount

$143,100

Loan Approval from the SBA

Of the total $143,100 loan amount, the SBA guaranteed $121,635.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Pizza Ranch franchise. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the SBA funding recipient promised to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Investor Turnoffs

SBA Participating Banks in Jefferson, Iowa

Iowa SBA 7A Lenders