Loan to Buy Sbarro Italian Eatery Franchise Issued By Cornerstone Bank

Need money to purchase a Sbarro Italian Eatery franchise? Cornerstone Bank has a history of making these loans and they are guaranteed by the SBA.

Sbarro Italian Eatery franchise loans are available to Lincoln, Nebraska entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Cornerstone Bank, based in Albion, Nebraska, issued an SBA franchise loan for a Sbarro Italian Eatery franchise in 2001. We've got all the details on this Nebraska small business loan.

SBA Loan Borrower

SBARRO
LINCOLN, NE 68508

SBA Loan Lender

CORNERSTONE BANK
240 S THIRD ST
ALBION, NE 68620

This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

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

9/19/2001

Loan Approval Gross Amount

$229,300

Loan Approval from the SBA

Of the total $229,300 loan amount, the SBA guaranteed $171,975.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Sbarro Italian Eatery franchise. At the time of the loan, the company had 8 employees. The SBA loan application for the borrower did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees.

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

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

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 $229,300 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:

Sbarro Inc.

How to Raise Money

SBA 7A Lenders in Albion, Nebraska

SBA Participating Banks in Nebraska