 |
 |
November 25, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Iowa Business Loan Sources > Mount Ayr, Business Loans > Great Western Bank Mount Ayr Business Loans > Breadeaux Pizza Loan | ||||
 |
||||
Tips for Borrowing Money to Buy a Franchise
|
||||
 |
Mount Ayr, IA Entrepreneur Gets SBA Loan to Buy Breadeaux Pizza FranchiseNeed a loan to invest in a Breadeaux Pizza franchise? Great Western Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Breadeaux Pizza franchise? If so, here's a 2002 SBA franchise loan that you should know about. Great Western Bank was the lender and the entrepreneur was based in Mount Ayr, Iowa. SBA Loan Borrower BREADEAUX PIZZA SBA Loan Lender GREAT WESTERN BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 7/2/2002 Loan Approval Gross Amount $115,000 Loan Approval from the SBA Of the total $115,000 loan amount, the SBA guaranteed $97,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Breadeaux Pizza franchise. At the time of the loan, the company had 6 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. 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: Family and Friend Investors - Your First Financiers Who Lends Money to Small Businesses in Mount Ayr, Iowa
|
|
||
|
||||
|
|
||||