Missouri Entrepreneur Secures Financing to Buy Arris Pizza Franchise

Borrowing money to invest in an Arris Pizza franchise? Exch National Bank - Jefferson City has a history of making these loans and they are guaranteed by the SBA.

Arris Pizza franchise loans are available to Jefferson City, Missouri entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Exch National Bank - Jefferson City, based in Jefferson City, Missouri, issued an SBA franchise loan for an Arris Pizza franchise in 2007. We've got all the details on this Missouri small business loan.

SBA Loan Borrower

ARRIS PIZZA & PUB
JEFFERSON CITY, MO 65101

SBA Loan Lender

EXCH NATIONAL BANK - JEFFERSON CITY
132 E HIGH ST
JEFFERSON CITY, MO 65101

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

3/2/2007

Loan Approval Gross Amount

$475,000

Loan Approval from the SBA

Of the total $475,000 loan amount, the SBA guaranteed $356,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Arris Pizza franchise. At the time of the loan, the company had 25 employees. The loan application indicated that the loan would help create 25 new jobs.

Next Steps for Getting an SBA Loan

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Exch National Bank - Jefferson City had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Exch National Bank - Jefferson City made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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