Borrow Money to Buy a Pizza Inn Franchise

Need money to invest in a Pizza Inn franchise? The Heritage Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Jesup, Georgia needed money to invest in a Pizza Inn franchise back in 2002. The Heritage Bank issued an SBA franchise loan. Here are the details on this Georgia small business loan.

SBA Loan Borrower

PIZZA INN RESTAURANT
JESUP, GA 31545

SBA Loan Lender

THE HERITAGE BANK
292 S MACON ST
JESUP, GA 31545

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

4/16/2002

Loan Approval Gross Amount

$641,108

Loan Approval from the SBA

Of the total $641,108 loan amount, the SBA guaranteed $480,831.

More Information on This SBA Loan

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

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

SBA loans provide money to small business owners for working capital for other expenses.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into The Heritage Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Pizza Inn, Inc.

How Equity Dilution Works

Find an SBA Lender in Jesup, Georgia

Georgia SBA 7A Banks