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November 15, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Siloam Springs, Business Loans > Arvest Bank Siloam Springs Business Loans > Simple Simon Pizza Loan | ||||
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Raising Money in Lincoln, Arkansas With SBA Loans
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Lincoln, AR Entrepreneur Gets SBA Loan to Buy Simple Simon's Pizza FranchiseBorrowing money to buy a Simple Simon's Pizza franchise? Arvest Bank has a history of making these loans and they are guaranteed by the SBA. If you live near Lincoln, Arkansas and are interested in buying a Simple Simon's Pizza franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2000 by Arvest Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower SIMPLE SIMON PIZZA SBA Loan Lender ARVEST BANK 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 7/10/2000 Loan Approval Gross Amount $105,000 Loan Approval from the SBA Of the total $105,000 loan amount, the SBA guaranteed $78,750. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Simple Simon's Pizza franchise. At the time of the loan, the company had 8 employees. The SBA loan application for the borrower did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $105,000 loan. Remember, where there is a will, there is a way! 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 Siloam Springs, Arkansas Banks for Small Business
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