Redlands, CA Entrepreneur Gets SBA Loan to Buy Papa John's Pizza Franchise

Borrowing money to buy a Papa John's Pizza franchise? 1st Centennial Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Papa John's Pizza franchise? If so, here's a 2005 SBA franchise loan that you should know about. 1st Centennial Bank was the lender and the entrepreneur was based in Redlands, California.

SBA Loan Borrower

PAPA JOHN'S PIZZA
REDLANDS, CA 92373

SBA Loan Lender

1ST CENTENNIAL BANK
218 E STATE ST
REDLANDS, CA 92373

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

722211 - Limited-Service Restaurants

Loan Approval Date

10/20/2005

Loan Approval Gross Amount

$1,097,000

Loan Approval from the SBA

Of the total $1,097,000 loan amount, the SBA guaranteed $822,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Papa John's Pizza franchise. At the time of the loan, the company had 102 employees. The SBA loan documents indicated that the loan would help retain 102 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans provide smart, affordable business financing for small businesses looking to expand.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. 1st Centennial Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, 1st Centennial Bank 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.

Related Links:

Papa John's International

Understanding Dilution

Small Bank Loans in Redlands, California

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