Shawnee, KS Entrepreneur Gets SBA Loan to Buy Pizza Street Franchise

Need a loan to buy a Pizza Street franchise? 1st National Bank - Ola has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Pizza Street franchise? If so, here's a 2000 SBA franchise loan that you should know about. 1st National Bank - Ola was the lender and the entrepreneur was based in Shawnee, Kansas.

SBA Loan Borrower

PIZZA STREET FRANCHISE #1
SHAWNEE, KS 66216

SBA Loan Lender

1ST NATIONAL BANK - OLA
444 E SANTA FE
OLATHE, KS 66061

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.

SIC Code

5812 - Eating Places

Loan Approval Date

3/16/2000

Loan Approval Gross Amount

$135,000

Loan Approval from the SBA

Of the total $135,000 loan amount, the SBA guaranteed $101,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Pizza Street franchise. At the time of the loan, the company had 25 employees. The SBA loan application for the borrower indicated that the funding would help generate 25 new jobs.

Getting an SBA Loan For Your Business

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

While you may be able to find other ways to get money to start a business, 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:

Find Start-Up Capital

SBA 7A Banks for Olathe, Kansas Loans

Kansas SBA 7A Banks