Loan to Buy Little Ceasar's Pizza Franchise Issued By Wachovia Bank

Need money to invest in a Little Ceasar's Pizza franchise? Wachovia Bank has a history of making these loans and they are guaranteed by the SBA.

Little Ceasar's Pizza franchise loans are available to Richmond, Virginia entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Wachovia Bank, based in Winston Salem, North Carolina, issued an SBA franchise loan for a Little Ceasar's Pizza franchise in 2002. We've got all the details on this Virginia small business loan.

SBA Loan Borrower

LITTLE CAESAR'S AND BLIMPIE
RICHMOND, VA 23221

SBA Loan Lender

WACHOVIA BANK
100 N MAIN ST
WINSTON SALEM, NC 27101

This lender processed this commercial loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

7/17/2002

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $75,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Little Ceasar's Pizza franchise. At the time of the loan, the company had 65 employees. This SBA loan request indicated that the loan would help generate 10 new jobs and retain 75 existing jobs.

Next Steps for Getting an SBA Loan

If you are raising money in Richmond VA, you ought to talk with a local Richmond SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Richmond businesses.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Little Caesars

Understanding Dilution

Find an SBA Lender in Winston Salem, North Carolina

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