Prime Pacific Bank, Na Provides SBA Loan to Buy Romio's Franchise

Need money to buy a Romio's franchise? Prime Pacific Bank, Na has a history of making these loans and they are guaranteed by the SBA.

If you live near Mountlake Terrace, Washington and are interested in buying a Romio's franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2000 by Prime Pacific Bank, Na. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

ROMIO'S PIZZA & POSTA
MOUNTLAKE TERRACE, WA 98043

SBA Loan Lender

PRIME PACIFIC BANK, NA
4710 196TH ST SW
LYNNWOOD, WA 98036

When it made this small business loan, this bank was part of the SBA's Certified Lenders Program (CLP). This program was created to give expeditious service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

10/30/2000

Loan Approval Gross Amount

$180,500

Loan Approval from the SBA

Of the total $180,500 loan amount, the SBA guaranteed $135,375.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Romio's franchise. At the time of the loan, the company had 25 employees. The SBA loan documents did not indicate that the company promised to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Small Business Credit Cards

SBA 7A Lenders in Lynnwood, Washington

Washington SBA Banks