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December 21, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Chester, Business Loans > Plumas Bank Chester Business Loans > Pizza Factory Loan | ||||
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I Need an SBA 7A Loan to Buy a Franchise in Quincy, California
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California Entrepreneur Secures Financing to Buy Pizza Factory FranchiseNeed a loan to invest in a Pizza Factory franchise? Plumas Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Quincy, California needed money to invest in a Pizza Factory franchise back in 2004. Plumas Bank issued an SBA franchise loan. Here are the details on this California small business loan. SBA Loan Borrower PIZZA FACTORY SBA Loan Lender PLUMAS BANK This 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. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 11/4/2004 Loan Approval Gross Amount $73,000 Loan Approval from the SBA Of the total $73,000 loan amount, the SBA guaranteed $62,050. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Pizza Factory franchise. At the time of the loan, the company had 35 employees. The SBA loan application for the borrower did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $73,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Banking Deregulation's Effects on Entrepreneurship SBA Approved Banks in Chester, California
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