Fullerton Community Bank, Fsb Provides SBA Loan to Buy Figaro's Italian Pizza Franchise

Need a loan to buy a Figaro's Italian Pizza franchise? Fullerton Community Bank, Fsb has a history of making these loans and they are guaranteed by the SBA.

If you live near Murphys, California and are interested in buying a Figaro's Italian Pizza franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2007 by Fullerton Community Bank, Fsb. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

FIGARO'S ITALIAN PIZZA
MURPHYS, CA 95247

SBA Loan Lender

FULLERTON COMMUNITY BANK, FSB
200 W COMMONWEALTH AVE
FULLERTON, CA 92832

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

9/7/2007

Loan Approval Gross Amount

$1,626,400

Loan Approval from the SBA

Of the total $1,626,400 loan amount, the SBA guaranteed $1,219,800.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Figaro's Italian Pizza franchise. At the time of the loan, the company had only one employee. This SBA loan request indicated that the borrowed money would help generate 15 new jobs.

Next Steps for Getting an SBA Loan

If you need money to start a small business or already have a business and need money to expand, an SBA loan can be a great funding source

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Fullerton Community Bank, Fsb and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Figaro's Italian Pizza, Inc.

Strategic Investors

SBA 7A Banks for Fullerton, California Loans

California SBA 7A Lenders