Shelby, OH Entrepreneur Gets SBA Loan to Buy Figaro's Italian Pizza Franchise

Need a loan to buy a Figaro's Italian Pizza franchise? First-Knox National Bank has a history of making these loans and they are guaranteed by the SBA.

Figaro's Italian Pizza franchise loans are available to Shelby, Ohio entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, First-Knox National Bank, based in Mount Vernon, Ohio, issued an SBA franchise loan for a Figaro's Italian Pizza franchise in 2005. We've got all the details on this Ohio small business loan.

SBA Loan Borrower

FIGARO'S OF SHELBY
SHELBY, OH 44875

SBA Loan Lender

FIRST-KNOX NATIONAL BANK
1 S MAIN ST
MOUNT VERNON, OH 43050

This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with appliying for an SBA loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

3/4/2005

Loan Approval Gross Amount

$121,200

Loan Approval from the SBA

Of the total $121,200 loan amount, the SBA guaranteed $103,020.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Figaro's Italian Pizza franchise. At the time of the loan, the company had 20 employees. The SBA loan application for the borrower did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees.

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

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Figaro's Italian Pizza, Inc.

A Company That Helps Entrepreneurs

Good Banks for Small Business in Mount Vernon, Ohio

Where to Get an SBA Loan Ohio