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November 15, 2024 |
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| Home > Small Business Lenders by State > South Dakota Business Loan Sources > Rapid City, Business Loans > Great Western Bank Rapid City Business Loans > Pizza Time Loan | ||||
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Where to Get a Bank Loan to Purchase a Franchise
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South Dakota Entrepreneur Secures Financing to Buy Pizza Time FranchiseNeed a loan to buy a Pizza Time franchise? Great Western Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Pizza Time franchise? If so, here's a 2001 SBA franchise loan that you should know about. Great Western Bank was the lender and the entrepreneur was based in Rapid City, South Dakota. SBA Loan Borrower PIZZA TIME SBA Loan Lender GREAT WESTERN BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 7/26/2001 Loan Approval Gross Amount $72,000 Loan Approval from the SBA Of the total $72,000 loan amount, the SBA guaranteed $61,200. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Pizza Time franchise. At the time of the loan, the company had 15 employees. The loan application did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. We can help you find the best banks for small businesses in Rapid City or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Banks in Rapid City, South Dakota
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