Maryland Entrepreneur Secures Financing to Buy Ledo Pizza Franchise

Borrowing money to buy a Ledo Pizza franchise? The Columbia Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Ledo Pizza franchise? If so, here's a 2003 SBA franchise loan that you should know about. The Columbia Bank was the lender and the entrepreneur was based in Largo, Maryland.

SBA Loan Borrower

LEDO PIZZA AND PASTA
LARGO, MD 20776

SBA Loan Lender

THE COLUMBIA BANK
7505 GREENWAY CENTER DR
GREENBELT, MD 20770

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

3/14/2003

Loan Approval Gross Amount

$144,700

Loan Approval from the SBA

Of the total $144,700 loan amount, the SBA guaranteed $122,995.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Ledo Pizza franchise. At the time of the loan, the company had 15 employees. The loan application did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Ledo Pizza System, Inc.

The Friends and Family Network

SBA 7A Banks for Greenbelt, Maryland Loans

Find an SBA Lender in Maryland