Massachusetts Entrepreneur Secures Financing to Buy Papa John's Pizza Franchise

Borrowing money to invest in a Papa John's Pizza franchise? Enterprise Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

Papa John's Pizza franchise loans are available to Leominster, Massachusetts entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Enterprise Bank & Trust, based in Leominster, Massachusetts, issued an SBA franchise loan for a Papa John's Pizza franchise in 2004. We've got all the details on this Massachusetts small business loan.

SBA Loan Borrower

SYCO HOLDINGS COMPANY
LEOMINSTER, MA 01453

SBA Loan Lender

ENTERPRISE BANK & TRUST
4 CENTRAL ST
LEOMINSTER, MA 01453

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide debt financing to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

3/16/2004

Loan Approval Gross Amount

$305,000

Loan Approval from the SBA

Of the total $305,000 loan amount, the SBA guaranteed $228,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Papa John's Pizza franchise. At the time of the loan, the company had 65 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

We've showcased information on this loan to let you know that businesses like yours 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.

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