Missouri Entrepreneur Secures Financing to Buy Pizza Pro Franchise

Need a loan to buy a Pizza Pro franchise? Heartland Bank has a history of making these loans and they are guaranteed by the SBA.

Pizza Pro franchise loans are available to Lake Saint Louis, Missouri entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Heartland Bank, based in Saint Louis, Missouri, issued an SBA franchise loan for a Pizza Pro franchise in 2006. We've got all the details on this Missouri small business loan.

SBA Loan Borrower

PTF PIZZA PRO
LAKE SAINT LOUIS, MO 63367

SBA Loan Lender

HEARTLAND BANK
212 S CENTRAL AVE, STE 200
SAINT LOUIS, MO 63105

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

10/10/2006

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $187,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Pizza Pro franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the loan would help generate 35 new jobs and retain 35 existing jobs.

Next Steps for Getting an SBA Loan

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

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Heartland Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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