North County Bank Provides SBA Loan to Buy Garlic Jim's Famous Gourmet Pizza Franchise

Need a loan to purchase a Garlic Jim's Famous Gourmet Pizza franchise? North County Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Marysville, Washington needed money to invest in a Garlic Jim's Famous Gourmet Pizza franchise back in 2007. North County Bank issued an SBA franchise loan. Here are the details on this Washington small business loan.

SBA Loan Borrower

GARLIC JIM'S FAMOUS GOURMET PI
MARYSVILLE, WA 98270

SBA Loan Lender

NORTH COUNTY BANK
16419 SMOKEY POINT BLVD
ARLINGTON, WA 98223

This lender issued this loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 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.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

11/15/2007

Loan Approval Gross Amount

$220,000

Loan Approval from the SBA

Of the total $220,000 loan amount, the SBA guaranteed $165,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Garlic Jim's Famous Gourmet Pizza franchise. At the time of the loan, the company had 9 employees. This SBA loan request indicated that the loan would help generate 7 new jobs and retain 2 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

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.

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