Lilburn, GA Entrepreneur Gets SBA Loan to Buy Little Ceasar's Pizza Franchise

Borrowing money to invest in a Little Ceasar's Pizza franchise? Gwinnett Community Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Little Ceasar's Pizza franchise requires some effort but others before you have been successful. In 2004, Gwinnett Community Bank issued an SBA franchise loan to an entrepreneur in Lilburn, Georgia. Because Little Ceasar's Pizza was registered with the SBA's registry of franchises, this Georgia small business loan was issued on an expedited basis.

SBA Loan Borrower

LITTLE CAESARS
LILBURN, GA 30047

SBA Loan Lender

GWINNETT COMMUNITY BANK
2775 BUFORD HWY
DULUTH, GA 30096

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

10/5/2004

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $150,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Little Ceasar's Pizza franchise. At the time of the loan, the company had 27 employees. The SBA loan documents did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

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

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.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Gwinnett Community Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Gwinnett Community Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Little Caesars

Advice on Getting a Small Business Loan

SBA 7A Lenders in Duluth, Georgia

Getting a Business Loan in Georgia