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November 15, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Birmingham, Business Loans > Compass Bank Birmingham Business Loans > Cici's Pizza Loan | ||||
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Business Loans for Kissimmee Entrepreneurs
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Borrow Money to Buy a Cici's Pizza FranchiseNeed money to invest in a Cici's Pizza franchise? Compass Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Cici's Pizza franchise shouldn't be overly burdensome. In 2000, Compass Bank issued an SBA franchise loan to an entrepreneur in Kissimmee, Florida. Because Cici's Pizza was registered with the SBA's registry of franchises, this Florida small business loan was issued on an expedited basis. SBA Loan Borrower CICI'S PIZZA SBA Loan Lender COMPASS BANK This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places Loan Approval Date 3/31/2000 Loan Approval Gross Amount $222,000 Loan Approval from the SBA Of the total $222,000 loan amount, the SBA guaranteed $166,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Cici's Pizza franchise. At the time of the loan, the company had 40 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees. 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. This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Best Birmingham, Alabama Banks for Small Business
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