Mandeville, LA Entrepreneur Gets SBA Loan to Buy Sicily's Pizza Franchise

Borrowing money to buy a Sicily's Pizza franchise? Source Business & Indust Devel Cor has a history of making these loans and they are guaranteed by the SBA.

If you live near Mandeville, Louisiana and are interested in buying a Sicily's Pizza franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2002 by Source Business & Indust Devel Cor. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

SICILY'S,L.L.C.
MANDEVILLE, LA 70470

SBA Loan Lender

SOURCE BUSINESS & INDUST DEVEL COR
9400 OLD HAMMOND HIGHWAY,
BATON ROUGE, LA 70809

This lender provides SBA commercial loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

3/29/2002

Loan Approval Gross Amount

$386,000

Loan Approval from the SBA

Of the total $386,000 loan amount, the SBA guaranteed $289,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Sicily's Pizza franchise. At the time of the loan, the company had 101 employees. The SBA loan documents indicated that the loan would help generate 85 new jobs and retain 186 existing jobs.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you want money to buy a franchise? 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.

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