Sappington, MO Entrepreneur Gets SBA Loan to Buy Imo's Pizza Franchise

Need a loan to purchase an Imo's Pizza franchise? U.S. Bank National Association has a history of making these loans and they are guaranteed by the SBA.

If you live near Sappington, Missouri and are interested in buying an Imo's Pizza franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2002 by U.S. Bank National Association. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

IMO'S PIZZA
SAPPINGTON, MO 63119

SBA Loan Lender

U.S. BANK NATIONAL ASSOCIATION
425 WALNUT ST
CINCINNATI, OH 45202

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

722110 - Full-Service Restaurants

Loan Approval Date

2/16/2002

Loan Approval Gross Amount

$106,000

Loan Approval from the SBA

Of the total $106,000 loan amount, the SBA guaranteed $79,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an Imo's Pizza franchise. At the time of the loan, the company had 20 employees. The SBA loan documents indicated that the borrowed money would help create 20 new jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

This SBA loan was for $106,000. How would you spend $106,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Imo's Pizza

Determining Proper Capital Structure for a Business

SBA 7A Lenders in Cincinnati, Ohio

SBA Participating Banks in Ohio