Lubbock, TX Entrepreneur Gets SBA Loan to Buy Cici's Pizza Franchise

Need a loan to buy a Cici's Pizza franchise? American State Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Cici's Pizza franchise? If so, here's a 2002 SBA franchise loan that you should know about. American State Bank was the lender and the entrepreneur was based in Lubbock, Texas.

SBA Loan Borrower

CICI'S PIZZA
LUBBOCK, TX 79424

SBA Loan Lender

AMERICAN STATE BANK
1401 AVE 'Q'
LUBBOCK, TX 79401

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

12/12/2002

Loan Approval Gross Amount

$149,800

Loan Approval from the SBA

Of the total $149,800 loan amount, the SBA guaranteed $112,350.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Cici's Pizza franchise. At the time of the loan, the company had 32 employees. The SBA loan documents indicated that the loan would help retain 32 existing jobs.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

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 $149,800 loan. Remember, feel the fear, and do it anyway.

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:

CiCi's Pizza

Accountant's Role in Securing Financing

Banks in Lubbock, Texas

Texas SBA 7A Lenders