Delaware Entrepreneur Secures Financing to Buy Ledo Pizza Franchise

Need a loan to buy a Ledo Pizza franchise? The Bank Of Delmarva has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Seaford, Delaware needed money to invest in a Ledo Pizza franchise back in 2001. The Bank Of Delmarva issued an SBA franchise loan. Here are the details on this Delaware small business loan.

SBA Loan Borrower

LEDO PIZZA & PASTA
SEAFORD, DE 19973

SBA Loan Lender

THE BANK OF DELMARVA
DELAWARE AVE & MARKET ST
LAUREL, DE 19956

This lender issued this SBA bank loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

11/30/2001

Loan Approval Gross Amount

$300,000

Loan Approval from the SBA

Of the total $300,000 loan amount, the SBA guaranteed $225,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Ledo Pizza franchise. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

This SBA loan was for $300,000. How would you spend $300,000 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:

Ledo Pizza System, Inc.

The Friends and Family Network

Where to Get an SBA Loan in Laurel, Delaware

SBA Lenders in Delaware