Peckville, PA Entrepreneur Gets SBA Loan to Buy Papa John's Pizza Franchise

Need money to buy a Papa John's Pizza franchise? Sovereign Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Papa John's Pizza franchise requires some effort but others before you have been successful. In 2004, Sovereign Bank issued an SBA franchise loan to an entrepreneur in Peckville, Pennsylvania. Because Papa John's Pizza was registered with the SBA's registry of franchises, this Pennsylvania small business loan was issued on an expedited basis.

SBA Loan Borrower

TOJ, LLC
PECKVILLE, PA 18452

SBA Loan Lender

SOVEREIGN BANK
1130 BERKSHIRE BLVD
WYOMISSING, PA 19610

This lender processed this SBA bank loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

12/14/2004

Loan Approval Gross Amount

$30,000

Loan Approval from the SBA

Of the total $30,000 loan amount, the SBA guaranteed $15,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Papa John's Pizza franchise. At the time of the loan, the company had 10 employees. The loan application did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are working on finding money to start a business in Peckville PA, you ought to talk with a local Peckville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Peckville businesses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Papa John's International

Business Credit Evaluation

Who Lends Money to Small Businesses in Wyomissing, Pennsylvania

SBA Pennsylvania Banks