Arizona Entrepreneur Secures Financing to Buy Nick-N-Willy's Pizza Franchise
Need money to invest in a Nick-N-Willy's Pizza franchise? Bank Of America has a history of making these loans and they are guaranteed by the SBA.
Want to borrow money to buy a Nick-N-Willy's Pizza franchise? If so, here's a 2002 SBA franchise loan that you should know about. Bank Of America was the lender and the entrepreneur was based in Phoenix, Arizona.
SBA Loan Borrower
NICK-N-WILLY'S
PHOENIX, AZ 85048
SBA Loan Lender
BANK OF AMERICA
100 N TRYON ST
CHARLOTTE, NC 28255
This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.
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
8/13/2002
Loan Approval Gross Amount
$98,100
Loan Approval from the SBA
Of the total $98,100 loan amount, the SBA guaranteed $49,050.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was used to buy a Nick-N-Willy's Pizza franchise. At the time of the loan, the company
had 10 employees. This SBA loan request indicated that the loan would help generate 10 new jobs and retain 10 existing jobs.
Next Steps for Getting an SBA Loan
SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.
We've showcased information on this loan to let you know that businesses like yours 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:
Nick-N-Willy's World Famous Take-N-Bake Pizza
Debt Financing
SBA Approved Banks in Charlotte, North Carolina
SBA Lenders in North Carolina