Loan Census Banking News and Information
December 21, 2024  
 
 
  Business Loan Information  
 

Provo, Utah Bank for SBA Loans

 

 
Loan Census SBA Loan Info

Borrow Money to Buy a Pier 49 Pizza Franchise

Need a loan to purchase a Pier 49 Pizza franchise? Central Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Provo, Utah needed money to invest in a Pier 49 Pizza franchise back in 2002. Central Bank issued an SBA franchise loan. Here are the details on this Utah small business loan.

SBA Loan Borrower

PIER 49 SAN FRANCISCO SOURDOUG
PROVO, UT 84601

SBA Loan Lender

CENTRAL BANK
1300 N STATE ST
PROVO, UT 84604

This lender issued this particular commercial loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

5/24/2002

Loan Approval Gross Amount

$88,000

Loan Approval from the SBA

Of the total $88,000 loan amount, the SBA guaranteed $74,800.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Pier 49 Pizza franchise. At the time of the loan, the company had 8 employees. The loan application did not indicate that the business promised to use the funding to increase staffing levels or retain any existing employees.

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

SBA loans provide money to small business owners for working capital for other expenses.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Central Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Angel Investors

Banks in Provo, Utah

Utah SBA Bank Lenders