Pearland, TX Entrepreneur Gets SBA Loan to Buy Pizza Factory Franchise

Need a loan to invest in a Pizza Factory franchise? Woodforest National Bank has a history of making these loans and they are guaranteed by the SBA.

Pizza Factory franchise loans are available to Pearland, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Woodforest National Bank, based in Houston, Texas, issued an SBA franchise loan for a Pizza Factory franchise in 2004. We've got all the details on this Texas small business loan.

SBA Loan Borrower

PIZZA FACTORY
PEARLAND, TX 77581

SBA Loan Lender

WOODFOREST NATIONAL BANK
13301 EAST FRWY
HOUSTON, TX 77015

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

722110 - Full-Service Restaurants

Loan Approval Date

7/30/2004

Loan Approval Gross Amount

$401,000

Loan Approval from the SBA

Of the total $401,000 loan amount, the SBA guaranteed $300,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Pizza Factory franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower indicated that the loan would help generate 37 new jobs and retain 3 existing jobs.

Getting an SBA Loan For Your Business

Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $401,000 loan. Remember, anyone can do it... so why not you?

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:

Pizza Factory

Alternative Financing

SBA Approved Banks in Houston, Texas

Where to Get an SBA Loan Texas