North Dakota Entrepreneur Secures Financing to Buy Pizza Ranch Franchise

Borrowing money to buy a Pizza Ranch franchise? Northland Financial has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Mandan, North Dakota needed money to invest in a Pizza Ranch franchise back in 2005. Northland Financial issued an SBA franchise loan. Here are the details on this North Dakota small business loan.

SBA Loan Borrower

KVS PIZZA RANCH, INC.
MANDAN, ND 58554

SBA Loan Lender

NORTHLAND FINANCIAL
207 E FRONT AVE
BISMARCK, ND 58504

This lender issued this SBA bank loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

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

5/5/2005

Loan Approval Gross Amount

$417,200

Loan Approval from the SBA

Of the total $417,200 loan amount, the SBA guaranteed $312,900.

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 14 employees. The SBA loan documents did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Determining Proper Capital Structure for a Business

SBA 7A Banks in Bismarck, North Dakota

SBA Participating Banks in North Dakota