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November 15, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Saint Paul, Business Loans > Park Midway Bank Saint Paul Business Loans > Pizza N Pasta Loan | ||||
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Tips for Borrowing Money to Buy a Franchise
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Borrow Money to Buy a Pizza 'N' Pasta FranchiseBorrowing money to buy a Pizza 'N' Pasta franchise? Park Midway Bank has a history of making these loans and they are guaranteed by the SBA. Pizza 'N' Pasta franchise loans are available to Oakdale, Minnesota entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Park Midway Bank, based in Saint Paul, Minnesota, issued an SBA franchise loan for a Pizza 'N' Pasta franchise in 2007. We've got all the details on this Minnesota small business loan. SBA Loan Borrower PIZZA N PASTA SBA Loan Lender PARK MIDWAY BANK This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 3/20/2007 Loan Approval Gross Amount $228,000 Loan Approval from the SBA Of the total $228,000 loan amount, the SBA guaranteed $171,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Pizza 'N' Pasta franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help generate 15 new jobs and retain 16 existing jobs. Getting an SBA Loan For Your Business Many small businesses receive loans backed by the U.S. Small Business Administration. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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 Banks in Saint Paul, Minnesota
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