Loan to Buy Figaro's Italian Pizza Franchise Issued By First Commercial Bank

Need a loan to purchase a Figaro's Italian Pizza franchise? First Commercial Bank has a history of making these loans and they are guaranteed by the SBA.

Figaro's Italian Pizza franchise loans are available to Oklahoma City, Oklahoma entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, First Commercial Bank, based in Edmond, Oklahoma, issued an SBA franchise loan for a Figaro's Italian Pizza franchise in 2005. We've got all the details on this Oklahoma small business loan.

SBA Loan Borrower

SHAMROCK INVESTMENT GROUP, LLC
OKLAHOMA CITY, OK 73120

SBA Loan Lender

FIRST COMMERCIAL BANK
1601 S KELLY
EDMOND, OK 73013

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan for a small business was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

5/3/2005

Loan Approval Gross Amount

$240,000

Loan Approval from the SBA

Of the total $240,000 loan amount, the SBA guaranteed $180,000.

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 5 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

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:

Figaro's Italian Pizza, Inc.

Business Cash Advances

Where to Get an SBA Loan in Edmond, Oklahoma

SBA Lenders in Oklahoma