Loan to Buy Boston The Gourmet Pizza Franchise Issued By First United Bank & Trust

Borrowing money to invest in a Boston The Gourmet Pizza franchise? First United Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

If you live near Plano, Texas and are interested in buying a Boston The Gourmet Pizza franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2004 by First United Bank & Trust. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

BOSTON THE GOURMET PIZZA
PLANO, TX 75025

SBA Loan Lender

FIRST UNITED BANK & TRUST
1700 REDBUD BLVD, STE 130
MCKINNEY, TX 75090

This SBA business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

9/22/2004

Loan Approval Gross Amount

$242,550

Loan Approval from the SBA

Of the total $242,550 loan amount, the SBA guaranteed $181,913.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Boston The Gourmet Pizza franchise. At the time of the loan, the company had 60 employees. The SBA loan documents did not indicate that the business promised to use the funding to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

Remember, 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.

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:

Boston's The Gourmet Pizza

Business Incubators

Good Banks for Small Business in Mckinney, Texas

Getting an SBA Loan in Texas