San Diego, CA Entrepreneur Gets SBA Loan to Buy Oggi's Pizza & Brewing Company Franchise

Need money to invest in an Oggi's Pizza & Brewing Company franchise? Community W. Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy an Oggi's Pizza & Brewing Company franchise shouldn't be overly burdensome. In 2005, Community W. Bank issued an SBA franchise loan to an entrepreneur in San Diego, California. Because Oggi's Pizza & Brewing Company was registered with the SBA's registry of franchises, this California small business loan was issued on an expedited basis.

SBA Loan Borrower

OGGI'S PIZZA & BREWING CO - DE
SAN DIEGO, CA 92122

SBA Loan Lender

COMMUNITY W. BANK
5827 HOLLISTER AVE
GOLETA, CA 93117

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

4/7/2005

Loan Approval Gross Amount

$887,000

Loan Approval from the SBA

Of the total $887,000 loan amount, the SBA guaranteed $665,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an Oggi's Pizza & Brewing Company franchise. At the time of the loan, the company had 50 employees. The loan application indicated that the loan would help retain 50 existing jobs.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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:

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SBA Banks in Goleta, California

Getting an SBA Loan in California