California Entrepreneur Secures Financing to Buy Sbarro Italian Eatery Franchise

Need money to buy a Sbarro Italian Eatery franchise? Metro United Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Sbarro Italian Eatery franchise shouldn't be overly burdensome. In 2007, Metro United Bank issued an SBA franchise loan to an entrepreneur in Port Hueneme, California. Because Sbarro Italian Eatery was registered with the SBA's registry of franchises, this California small business loan was issued on an expedited basis.

SBA Loan Borrower

PORT HUENEME FOOD COURT
PORT HUENEME, CA 93043

SBA Loan Lender

METRO UNITED BANK
7320 CLAIREMONT MESA BLVD
SAN DIEGO, CA 92111

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

722212 - Cafeterias, Grill Buffets, and Buffets

Loan Approval Date

12/5/2007

Loan Approval Gross Amount

$247,000

Loan Approval from the SBA

Of the total $247,000 loan amount, the SBA guaranteed $185,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Sbarro Italian Eatery franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help generate 12 new jobs and retain 1 existing job.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Metro United Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Sbarro Inc.

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