Washington Entrepreneur Secures Financing to Buy Papa Murphy's Take & Bake Pizza Franchise

Borrowing money to invest in a Papa Murphy's Take & Bake Pizza franchise? Irwin Franchise Cap. Corp has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Port Orchard, Washington needed money to invest in a Papa Murphy's Take & Bake Pizza franchise back in 2006. Irwin Franchise Cap. Corp issued an SBA franchise loan. Here are the details on this Washington small business loan.

SBA Loan Borrower

PAPA MURPHY'S TAKE & BAKE PIZZ
PORT ORCHARD, WA 98366

SBA Loan Lender

IRWIN FRANCHISE CAP. CORP
10 PARAGON DR
MONTVALE, NJ 07645

This lender processed this commercial 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

7/10/2006

Loan Approval Gross Amount

$225,000

Loan Approval from the SBA

Of the total $225,000 loan amount, the SBA guaranteed $112,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Papa Murphy's Take & Bake Pizza franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 8 new jobs and retain 10 existing jobs.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Irwin Franchise Cap. Corp had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Irwin Franchise Cap. Corp made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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.

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