Reno, NV Entrepreneur Gets SBA Loan to Buy Papa Murphy's Take & Bake Pizza Franchise

Need money to purchase a Papa Murphy's Take & Bake Pizza franchise? Banco Popular North America has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Papa Murphy's Take & Bake Pizza franchise? If so, here's a 2007 SBA franchise loan that you should know about. Banco Popular North America was the lender and the entrepreneur was based in Reno, Nevada.

SBA Loan Borrower

PAPA MURPHY'S TAKE N BAKE
RENO, NV 89506

SBA Loan Lender

BANCO POPULAR NORTH AMERICA
7 W 51ST ST, BETWEEN 5TH & 6T
NEW YORK CITY, NY 10019

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

2/21/2007

Loan Approval Gross Amount

$435,700

Loan Approval from the SBA

Of the total $435,700 loan amount, the SBA guaranteed $326,775.

More Information on This SBA Loan

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

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

We can help you find the best banks for small businesses in Reno 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.

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