Borrow Money to Buy a Mountain Mike's Pizza Franchise

Need money to invest in a Mountain Mike's Pizza franchise? County Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Mountain Mike's Pizza franchise requires some effort but others before you have been successful. In 2000, County Bank issued an SBA franchise loan to an entrepreneur in Merced, California. Because Mountain Mike's Pizza was registered with the SBA's registry of franchises, this California small business loan was issued on an expedited basis.

SBA Loan Borrower

MOUNTAIN MIKE'S PIZZA
MERCED, CA 95348

SBA Loan Lender

COUNTY BANK
550 W MAIN ST
MERCED, CA 95340

This business loan was issued by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a complete analysis of the loan application and, in return, SBA delivers a rapid loan approval or denial response.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

Loan Approval Date

9/15/2000

Loan Approval Gross Amount

$199,000

Loan Approval from the SBA

Of the total $199,000 loan amount, the SBA guaranteed $149,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Mountain Mike's Pizza franchise. At the time of the loan, the company had 22 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need money to start a small business or need money to grow a business, an SBA loan can be a great source of funding.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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:

Mountain Mike's Pizza

SBIR Funding

SBA Banks in Merced, California

California SBA 7A Banks