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November 21, 2024 |
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| Home > Small Business Lenders by State > Arizona Business Loan Sources > Charlotte, Business Loans > Bank Of America Charlotte Business Loans > Nick-N-Willy's Loan | ||||
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Where to Get an SBA Loan to Purchase a Franchise
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Arizona Entrepreneur Secures Financing to Buy Nick-N-Willy's Pizza FranchiseNeed 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 SBA Loan Lender BANK OF AMERICA 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 SBA Approved Banks in Charlotte, North Carolina
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