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November 15, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Saint Stephen, Business Loans > St. Stephen State Bank Saint Stephen Business Loans > Pizza Ranch Of Little Falls Loan | ||||
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Where to Get an SBA Loan to Purchase a Franchise
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Little Falls, MN Entrepreneur Gets SBA Loan to Buy Pizza Ranch FranchiseNeed a loan to purchase a Pizza Ranch franchise? St. Stephen State Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Pizza Ranch franchise is doable. In 2007, St. Stephen State Bank issued an SBA franchise loan to an entrepreneur in Little Falls, Minnesota. Because Pizza Ranch was registered with the SBA's registry of franchises, this Minnesota small business loan was issued on an expedited basis. SBA Loan Borrower PIZZA RANCH OF LITTLE FALLS SBA Loan Lender ST. STEPHEN STATE BANK This debt financing 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. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 9/25/2007 Loan Approval Gross Amount $120,000 Loan Approval from the SBA Of the total $120,000 loan amount, the SBA guaranteed $102,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Pizza Ranch franchise. At the time of the loan, the company had 25 employees. The SBA loan documents indicated that the borrowed money would help create 25 new jobs. Getting an SBA Loan For Your Business SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Where to Get an SBA Loan in Saint Stephen, Minnesota
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