California Entrepreneur Secures Financing to Buy Mountain Mike's Pizza Franchise

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

Mountain Mike's Pizza franchise loans are available to San Jose, California entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, 1st Centennial Bank, based in Redlands, California, issued an SBA franchise loan for a Mountain Mike's Pizza franchise in 2006. We've got all the details on this California small business loan.

SBA Loan Borrower

MOUNTAIN MIKE'S PIZZA
SAN JOSE, CA 95120

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

3/16/2006

Loan Approval Gross Amount

$164,500

Loan Approval from the SBA

Of the total $164,500 loan amount, the SBA guaranteed $123,375.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Mountain Mike's Pizza franchise. At the time of the loan, the company had 5 employees. The SBA loan application for the borrower indicated that the loan would help retain 5 existing jobs.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

While you may be able to find business people willing to loan money, 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.

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